For as long as my father can remember, he claims people have been crying and screaming about peak oil production. He doesn’t seem to believe oil is anything but an infinite resource. I disagree. Unfortunately, neither I nor he nor anyone else on this planet seems to actually know how much oil is truly left in the ground. If we did know, we’d probably have more stable gas prices.
But do we really want to spend what could be limited time trying to figure it out? Or should we just assume we’re on the fast track to emptying our oil reserves?
OPEC isn’t the only problem. We get lots of the black stuff from Venezuela too, and they aren’t exactly buddy-buddy with America right now. Plus, some companies are starting to count tar sands and the like as reclaimable oil, despite it still not being cost effective to do so.
And then there is Shell, who claims to have found a large “oil pay” almost five miles below sea level in the Gulf of Mexico. Now, I know off-shore drilling is bad. Oil is bad. But, personally, I’d rather have my oil coming from my side of the planet, where it might be easier to keep these companies honest. And I know, most environmentalists don’t want to drill for oil in Alaska, and I understand why… but we may have to if we don’t get the ball rolling on alternative fuels. Hybrids are just a band-aid. Most of us are still going to be using gas for the foreseeable future, and if OPEC suddenly says “Sorry guys, all gone”, or the Kuwaitis are right and Peak Oil comes around 2014… well then what?
Feels more and more like we are between a rock and a hard place, and nobody is in a particular rush to get out. Maybe it is better to just not know for now.