I have never doubted that energy users would increasingly have to
make do without inexpensive oil. I do read about new discoveries and
new sources, most notably under the ocean.
I continue to believe that
the primary issue is not supply, but price.
Both sun and Earth's core
have essentially unlimited heat.
As prices become more painful, more
attention will be paid to alternative forms of energy. We will all
adjust according to our needs and our purchasing power.
From don.bowen AT earthlink.net Mon Nov 13 14:27:23 2006Return-Path: <don.bowen AT earthlink.net>
I could not agree more, I have never really considered oil shortages a
crises. Once prices rise enough, it will become economically wise to move on to a
better source of energy, and we will.
From don.bowen AT earthlink.net Mon Nov 13 14:32:18 2006Return-Path: <don.bowen AT earthlink.net>
Look at the abundance of methane hydrates on the continental
shelves around the world; it's practically an untapped resource for
natural gas.
(I know this isn't petroleum, but who knows what lies
deeper under the gas pocket-it's possible that petroleum has
migrated/sunk deeper into the 'ultra deep' regions.
From erthnsky AT bellsouth.net Mon Nov 13 15:51:57 2006Return-Path: <erthnsky AT bellsouth.net>
At 11/13/2006, you wrote:
Look at the abundance of methane hydrates on the continental shelves around the world; it's practically an untapped resource for
natural gas.
And at what environmental cost? Already many fisheries around the
world have collapsed or are near. Releasing methane is a prime cause
of global warming.
(I know this isn't petroleum, but who knows what lies deeper under
the gas pocket-it's possible that petroleum has migrated/sunk
deeper into the 'ultra deep' regions.
And how much will it cost to drill for and bring up oil from
thousands of feet below the ocean surface. There may be oil at the
well head but who will be able to afford it/
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