It is about time that the world finally changed its dependence on fossil fuels to renewable energy and the process may catch more speed by the news that the world’s oil supply is dangerously low.

According to an energy expert, the earth is racing towards a disastrous situation that could seriously threaten economic recovery due to the fact that most of its oil fields have now fallen past their peak production.

Dr Fatih Birol, chief economist at the International Energy Agency, warned that governments and industrial energy producers are unwilling to recognize that oil is running out much faster than they had anticipated previously.

Dr Birol urged the governments to promote renewable energy and alternative fuels as according to him, "One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us."

Dr Birol also added that if the demand continued to grow as expected, the world would require six producers with output equivalent to Saudi Arabia’s if it is to keep up the oil supply till 2030.

The governments should take serious action in order to promote renewable energy and start practical applications before its too late. The natural resources we have today should be reserved for our future generation too.

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