09-02-2018, 01:12 PM
3. Current proven coal reserves are said to be enough to power the world for another 150 years. Natural gas and oil? About 50 years. And these are very conservative estimates.
We've been told for decades how we are going to run out of fossil fuels and as the years go by, new technology gives us more and more ways to find undiscovered reserves. Global oil production and proven reserves continue to surge. Reserves are higher today than they have ever been in the history of oil production. Billions of gallons of oil are not even counted because they are considered to costly to drill for, but tomorrow's technology will be able to extract tham.
The fact is that the earth will never run out of fossil fuels. Technology will make them obsolete long before the oil and coal reserves run out.
We've been told for decades how we are going to run out of fossil fuels and as the years go by, new technology gives us more and more ways to find undiscovered reserves. Global oil production and proven reserves continue to surge. Reserves are higher today than they have ever been in the history of oil production. Billions of gallons of oil are not even counted because they are considered to costly to drill for, but tomorrow's technology will be able to extract tham.
The fact is that the earth will never run out of fossil fuels. Technology will make them obsolete long before the oil and coal reserves run out.