JDMaholic wrote:I actually just went to an information session with exxon mobile, they were hiring engineers. They were talking about some of the different processes and indicators for looking for oil and extracting it. I clearly remember one of the things that they said was that they "permently evacuate" a well once it is no longer "profitable". When I asked the guy about that he basically said that they pack up and leavewhen the purity and quantity of oil make it not worth getting, even though there is more in there. There is also lots of oil in northeren Canada and other very hard to drill places. So it will likely will take a while for oil to be completely depleted, but it will probably become much more expensive, at least thats what I think. Oh ya and you can also make oil from things like corn, and hydrogen cells may not be as far away as we think.
yes the is more left but it is more expensiove and will take more resources to get.All teh cheap oil is gone which is why it was gotten to first.
The world has used up about half of all oil that ever existed and consumption is rising.Get ready for $10+, gas in our lifetimes.get ready for poor families spending half of their income on gasoline, jsut to get to their jobs.
Homelessness will rise for working poor, as the combination of dramatically higher food prices and gas prices wont leave enough $$ to own or rent even a cheap apt.
Ot think third world in US aka 5 families sharing one 2 bedroom apt.This wil be the reality here.Of course by the time we are ta that stage PPL in the rest of the world will already have starved by the billions.This also makes teh immigration discussiona ppear in a new light.This country will be a great survival island for teh next couple centuries, for its current population, but not for any extra PPL.
Fred