New Delhi, Feb. 26 -- Pankaj Bansal, Founder at NewsPatrolling.com

Globally, the shift to renewables is happening at a fast pace. The primary sources of renewable energy being utilized include solar energy, wind energy, hydropower, geothermal energy, tidal energy and biomass energy. The shift to renewable energy is happening primarily due to the concerns about climate change and global warming. The other reason is that non-renewable sources such as oil and gas reserves are limited and will not last forever. To avoid a potential global climate catastrophe, use of fossil fuels is being minimized.

While the switch to renewable energy sources is inevitable, it makes us wonder how the oil industry and oil producing nations will manage this c...