Re: See you on the dark side of the moon
- Oops. It's millions, not billions. I just cut and pasted it, so it
wasn't my mistake :)
--- In firstname.lastname@example.org, "David" <b1blancer1@e...>
> > If all the oil will be gone in 35 years at current consumption
> > then with even a modest growth when will it run out?reserves!
> When I do the math, I come up with about 1.04 trillion barrels over
> next 35 years, based upon the 81.18 billion/day consumption rate.
> That's less than half of the figure you gave for the estimated
> > When supply and demand forces the price of oil above $100 a
> > will see a world wide economic depression that dwarfs theAmerican
> > depression of the 1920's.in
> You're assuming that there won't be any new technologies developed
> the next 35 years, which I don't see as a viable assumption.
> Necessity is the mother of invention. If and when the price of oil
> becomes too expensive to be economicially viable, you can bet there
> will be new technologies.