Tuesday, July 09, 2002

Is the Oil Running Out?

According to the World Wildlife Fund The world's ticking timebomb Earth 'will expire by 2050'.(as previewed in the Observer). While this has been disproven time and time again, based upon the additional resources people add to the equation, new science shows that, in the case of petroleum at least, we will never run out.

Economocs tells us that oil will never run out anyway, but the price can be expected to rise. As the price of petroleum rises, more reserves will come on line. For instance, oil shale deposits that are known today can provide enough oil for the next 500 years, but at a higher production cost. But new discoveries in the science of hydrocarbons show that there is an unlimited supply of high quality oil avilable, just a little deeper down. pdf or html

It seems that oil is not a "fossil fuel" at all. Hydrocarbons are one of the most abundant substances in the universe. 90 per cent of Jupiter, for instance, is fuel. There is an entire class of asteroids that are made of hydrocarbons. And today, an oil field in Kuwait is being observed to be refilling itself from below.

Sorry, doomsday people. If your political agenda is to weaken and impoverish the West, neither fantasies of global warming of resource depletion will be enough to ensure your victory. Now, if you guys could come up with something that was actually true....