Sunday, June 2, 2013

The Unbroken Window

The Unbroken Window: "Of course, there seems to be a limited amount of oil and other fossil fuels in the ground, though a researcher at Cornell believes there might be a geologic process that produces new hyrdrocarbons. But that is sort of irrelevant, especially if that “limited” amount is rather large, as more signs point to there being. For example, there are about 1.3 trillion barrels of known oil reserves in the ground. But that is at current prices and technologies. If we expand this to include expected amounts of oil including from unconventional sources, you get close to 10 trillion barrels of oil alone. If oil consumption stays around 30 billion barrels per year, and this is all recoverable, we’re talking over 300 years of just oil “left.” If we include coal that number grows … a lot."

'via Blog this'

No comments: