Quote:
Originally Posted by Jamroll
Yeah but is that enough to meet current and forecasted needs? If the reserves and production are not enough to meet those needs, even a slight decrease in production will throw the volatile oil market into a tizzy, which will have disasterous consequences. We need to develop new fuel technologies.
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The current 180 bb of Albertan oil alone are enough to meet Canada's needs entirely for the next 400 years. Now, if that were shared amongst USA and Canada, that would be enough for about 50 years. The rest of the estimated 1.5 trillion barrels would meet USA and Canada's needs for about 300 years, projected estimates. But as you can imagine, its not all so simple, cut and dry.
And yeah, I totally agree that new and sustainable energy sources must be developed. Some of these technologies already exist, but unfortunately the paychecks of some men depend on maintaining the status quo, so its not likely these new technologies will see much widespread use and acceptance anytime soon.