Vadim Zhartun: “When will oil prices rise?”

“The short answer is never. More precisely, in about 30 years, but with completely different volumes of consumption. In any case, we can consider that the era of oil is over for you and me.

The best way to find out what the future holds is to look to the past. Humanity has already successively experienced several energy eras, which, with the exception of the very first, began and developed in a very similar way.

The first source of energy for us was firewood, and its era lasted the longest - tens of thousands of years. To make a fire, to light a stove, to burn a witch - everything was done on wood and this suited everyone.

Then came the time of industrialization, fuel was needed on such a scale that no forests would be enough, and in 1850 the era of coal began."