"Matt Barrow" wrote in message
...

"Corky Scott" wrote in message
news

I read a really depressing article about the future of oil several
days ago. There does not appear to be any viable substitute for oil
based energy at this time or on the horizon, not at the colossal
amounts we consume per day now anyway.

Considering that we have anywhere from 40 to 200 years of known reserves,
and that breakthroughs happen with considerable frequency, I'd say whoever
wrote the article was pushing an agenda. The history of mankind has been
laced with such hysterics.


The "years of known reserves" is a very tricky number. To get an answer,
you have to project the rate of consumption and what those consumers will
pay. (At one million $ per barrel, we have an infinite supply whereas the
number of years of reserves at $10 per barrel is zero.)

The jokers in the deck are China and India both rapidly becoming first world
economies. If their consumption curve follows the rest of the
industrialized world, we are in very big trouble indeed.

Nuclear, anyone?

Bill Daniels