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Introduction
In any investment, it is imperative to foresee the possible outcomes. This can be done using the current trends or potential of the investment. As the global financial aider to various projects, World Bank has its global projection regarding the investments in mining, gas, and oil. This world institution has several statistical findings that can help foresee the future of mining. Therefore, this document will use the data provided by the bank to give a projection of mining, in a global capacity.
Projections in the immediate decades
However, in the immediate decades to come, there will be increased investment in mining. This is because the World Bank intends to increase investments in mining activities, shortly. This is in line with their vision of decreasing the unemployment rate; while on the other hand, increasing the productivity of various nations. This, therefore, means increased mining activities and products in the immediate future by almost 25% in the first decade. It signifies a boom in the industry with more investors willing to invest their money in the industry. This will be possible within the first few decades before the minerals end up depleted. In some countries, the depletion may occur soon, while in others, it may take a couple of years.
Projections after many decades
By the World Bank, there has been an increasing trend of oil, gas, and mining products productions, in some countries, whereas, a decline in others. The bank also noted a significant decline in oil consumption and exportation every year. This is reflected by the data gathered by the World Bank, whereby world fuel consumption and exploitation decreased from 10.1 to 9.9 percent of merchandise exports (The World Bank). Following this observation, the World Bank projects a significant investment decline on oil mining, since the market for the commodity is declining.
There is also a growing focus on alternative sources of fuel. This has been reduced the concentration of oil mining, due to the expensiveness of the product and its unfriendliness to the environment. Many countries are currently investing in other alternative sources of energy such as wind, solar and geothermal. Therefore, according to World Bank, most future investments will not be on gas or oil mining but rather on other alternative sources such as geothermal, wind, and solar energy.
There is a significant decline in oil mining or production following the significant depletion of fossil fuels and other mining products. This has profoundly interfered with the mining processes conducted by various countries or organizations. Therefore, according to World Bank, it is likely that most of the mined products including oil will have utterly depleted, in the next several decades (The World Bank). This, therefore, implies that there will be minimal investments in mining, in the next coming decades. This will take many decades since the depletion rate is gradual.
Conclusion
It is imperative to conduct a projection of any investment. The World Bank, as one of the most significant world financial organizations, has its projections of investments in mining, which includes oil and gas. The projection indicates a significant investment increase in the immediate coming decades. However, due to the possible depletion of these mined minerals, investments in mining will likely depreciate significantly after many decades pass by. The depletion rate will depend on the exploitation rate or the quantity of the mineral deposits. This also applies to oil and gas mining.
Works cited
The World Bank. Strategies to attract new investment for African mining. The World Bank. 2011. Web.
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