Quote:
Originally Posted by crockett
Actually if you think about it, they were probably right at that time. Technology has increased the amount of oil we can gain access to which is why we have so much in the US now. Prior to the shale oil fields becoming useable we were not producing much of anything.
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the tech lag is easily 30+ years. I helped build the first shale oil retort plant way back in 1982, this was when retort was the way to extract gas/oil from shale. It was bleeding edge tech at that time and now not viable.
That's part of what makes these estimates so far off. THe BIG future will be much deeper wells, we can only even see just several miles down re: gas&oil. Many believe that there's billions of barrels deeper still.
ANd electric cars? maybe. DOubtful actually. There needs to be a massive breakthrough in battery technology + more efficient production of the cars, the batteries and the energy network to supply what would be millions and millions of eectric cars.
