Originally Posted by
galaxy flyer
The “running out of oil” canard has been running since the 1920’s, do keep up, please. I had a UA captain during the first energy crunch tell me, in all seriousness, we would run out in July 1979. Didn’t happen.
You might note the increase in US oil production using fracking technology after years of production declines.
GF
We actually would have hit "peak oil" some years ago... based on historical oil prices and extraction technology.
Technology advances, and price increases to pay for them, have put off peak oil for the foreseeable future. I suspect we'll migrate to renewable, greener, energy before we no kidding run out. Aircraft may be among the last consumers of bulk oil products, and by that time it could be 50% or more bio fuel.