The oil decline is practically here. Oil prices have shot up from before. Prepare yourselves for a crazy ride in the nest 20+ years.
Somali should store the oil resources and only use it after 40-50 years. Thats around when saudi arabia's oil finishes. Somalia can then use the oil for exporting when the worlds oil supply finishes or declines significantly.
Since somalia is fresh, we can start green, and not become completely dependent on fossil fuels.
Fuel for transport
There are numerous alternative fuels for transport. Methanol, ethanol, algae, hydrogen and electricity are alternatives. The most efficient is algae. It produces around 88% less greenhouse gases and produces more energy.
Hydrogen is alo very efficient. It's in abundant supply, and doesnt include combustion. However the downside is that it's hard to store, as it has very low density. Some say that its the most efficient, but i dont think so.
Methanol is also classed as the most efficient fuel.
For natural gas, ethanol can be used as a replacement.
One dangerous thing is that governments could use tar sands much more. Tar sands are more dangerous than CO2.
The world's oil demand is increasing, and oil reserves are depleting. The worlds needs to start now to look for alternatives, so we are prepared for the decline.
