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by keith_erskine
5673 days ago
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Your supposition is incorrect. The planet is awash in oil. The only limitation is cost of extracting it. For example: the Bakken oil reserve in North Dakota is estimated to be in the 100's of billion barrels. Unfortunately, the oil is trapped in shale which limits the amount that can be extracted _today_. That problem gets reduced every year that new extraction technology comes on line. I think you're making the error of equating "energy" with "oil". In an economy that relies on moving people and stuff around, new cheaper ways of supplying the energy will always be found - it's in our nature. Example: New York state has huge natural gas reserves. If you converted all the buses in New York to run on CNG, the state would still be be a net-exporter of natural gas. |
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