Quote:
Originally Posted by supernova1965
Unfortunately it is something we will need to get used to in the coming decade as oil supplies start to run low. It is believed that we are already at or have past peak oil. That is why we need to move to other fuels for our transportation needs.
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Sorry Warren, but that is not correct.
In Alberta Canada alone they have more oil
in just one Oil Sand well than most of the oil countries in the all of the Middle East.
The Oil from this single Oil Sand well can supply Oil for the next 150 years.
Quote:
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. . . "enough to produce 3 million barrels per day for over 150 years"
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And that may increase when they learn how to extract it even better!
And they already have discovered 3 of these Sand Oil deposits. The above quote is the stats from just one.
So the world isn't about to run out of oil any time soon
Here is a good read:
http://environment.gov.ab.ca/info/library/8042.pdf