PPRuNe Forums - View Single Post - crude oil reserves running out?
View Single Post
Old 26th January 2006 | 09:07
  #9 (permalink)  
Re-Heat
 
Joined: Dec 1999
Posts: 1,606
Likes: 0
From: UK
Won't run out.

Why? Price will govern the rate at which it is used. Countries extracting it are not mugs, and market prices rise accordingly where demand outstrips supply.

High price will make extraction of Rocky Mountain oil sands economic, resulting in more oil for all.
Re-Heat is offline