Quote:
Originally Posted by Starman71
Thank you for the link. It would be nice to think that oil would be somewhat infinite - or at least we could rely on it long enough to work on bettering alternative energy sources.
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With the recent advancements in directional drilling techniques, the US, and other nations(China, Russia... sorry Europe), have a few thousand years of reserves in fields that, only a few years ago, were deemed inaccessible. Of course, those assets will increase atmospheric CO₂ concentrations, but research continues on injection well technologies.
A couple of years ago, a classified Bundeswehr report was leaked to the press. This happened a few months after a similar CIA report was leaked to the press... the future is bleak for those nations without sufficient petroleum reserves.
And that, my friend, is why the USA should
NEVER export any of its mineral/petroleum extracts; they are strategic reserves, or they will be some day.