Oil and gas, a finite world resource

Oil and gas are finite resources formed from the remains of ancient organisms, and their availability is decreasing due to high global demand. Estimates suggest that oil reserves could last about 40 to 50 years at current consumption rates, while natural gas may last around 50 to 60 years. energytracker.asia infinity-renewables.

What is South Pars? The huge gas field raising the stakes of Middle East conflict

Iran shares the world’s largest natural gas reserve with it’s neighbour Qatar

Mark Ireland The ConversationWednesday 18 March 2026 16:17 GMT

Independent

Now:

Strike hits South Pars gas field, halts output at key refineries

Story by Agencies

 • 3h

TEHRAN — A US-Israeli airstrike hit gas storage tanks at Iran’s South Pars field in the southern city of Asaluyeh on Wednesday, halting production at two refineries with a combined capacity of about 100 million cubic meters per day, Iranian media reported.

https://www.msn.com/en-ae/news/featured/strike-hits-south-pars-gas-field-halts-output-at-key-refineries/ar-AA1YU7P1

Trump mulls US remaining in NATO:

Leaving NATO is something to ‘think about,’ Trump says after allies refuse to secure Hormuz Strait

Story by Gavin Blackburn

 • 22h

US President Donald Trump in the Oval Office of the White House, 17 March, 2026

US President Donald Trump in the Oval Office of the White House, 17 March, 2026© AP Photo

https://www.msn.com/en-gb/news/world/leaving-nato-is-something-to-think-about-trump-says-after-allies-refuse-to-secure-hormuz-strait/ar-AA1YNVSO

Source: Polymarket
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About borderslynn

Retired, living in the Scottish Borders after living most of my life in cities in England. I can now indulge my interest in all aspects of living close to nature in a wild landscape. I live on what was once the Iapetus Ocean which took millions of years to travel from the Southern Hemisphere to here in the Northern Hemisphere. That set me thinking and questioning and seeking answers. In 1998 I co-wrote Millennium Countdown (US)/ A Business Guide to the Year 2000 (UK) see https://www.abebooks.co.uk/products/isbn/9780749427917
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