healthmyths
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- Sep 19, 2011
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Why We'll Never Run Out of OilIf the human species survives long enough, viable alternative energy to fossil fuels will have to either be established or humans will have to become primitive again and do without. We do not have an infinite supply of fossil fuel and we are using it quicker than the Earth is producing it.
Back in 1973, some experts were predicting $100-a-barrel oil prices by the year 2000. What happened?
This year, wells around the world — from the sands of Saudi Arabia to the deep continental trench off the coast of Brazil — will pump some 75 million barrels of oil each day to satisfy demand.
but I believe we’ll never ‘run out’ of oil the way the pessimists used to think,” says Michael Lynch, a political scientist at MIT.
“If you pay smart people enough money,” he says, “they’ll figure out all sorts of ways to get the oil you need.”
Geologists have perfected seismic imaging of seafloor geology, with the hope of tapping into vast new oil fields like the one that lies beneath the Caspian Sea in Kazakhstan. That region could harbor a staggering 200 billion barrels — making it one of the largest oil basins ever discovered.
So anything that increases a single well’s yield can have a huge impact on production. All the big oil companies are beginning to tap hard-to-reach deposits by using 3-D seismic imaging and computer-controlled sensors to detect where pockets of oil are located in a well. Once the well is bored, drill bits can be steered sideways through the ground in search of oil.

Why We'll Never Run Out of Oil
Back in 1973, some experts were predicting $100-a-barrel oil prices by the year 2000. What happened?
