Friday, February 17, 2006

DPF: Oil Supply

DPF, Part II

No matter what others say, the world is not running out of oil in ten years or twenty years, or in our lifetime. It has become more difficult to find because the most accessible reserves have already been tapped. New reserves have been found in harsh terrains (under oceans, the arctic) but they have been found. It is more expensive to harvest and so as supplies diminish, prices will rise, and we will use less oil (as we saw on a small scale recently). The myth of oil's extinction has been perpetuated for thirty years, but now you know better!

No comments: