Friday, January 20, 2006
The future oil supply
Our increasing dependency on oil is clearly not a good thing...
Famed oil & gas guru T. Boone Pickens tells supply/demand story:
"Pickens concluded by saying that eventually mankind will see this period as the hydrocarbon era. The period started roughly 100 years ago with the invention of the automobile, and could be half over."
“If half the oil has been found and produced, we have about another 100 years,” he said."