ckamo Posted July 11, 2013 Share Posted July 11, 2013 Actually I'd bet the opposite, only that most most of the untapped oil out there now is going to be costly and difficult to extract. Link to comment Share on other sites More sharing options...
Buddhas Hand Posted July 11, 2013 Share Posted July 11, 2013 The reason you're hearing stuff like this is I bet the world oil reserves are far lower than everyone imagines. Especially with India and China trying to get more vehicles, the demand for oil keeps rising, and there's no new significant oil fields to find. There is only a finite supply. The world needs alternate sources for energy. Why do you think Shell and BP are already investing in non-oil energy development? When the oil companies are looking for alternatives, you know that's not a good sign. By the way, unless the US government has secret files locked away. Tesla never developed devices to generate electricity, only to transmit energy. Link to comment Share on other sites More sharing options...
Buddhas Hand Posted July 11, 2013 Share Posted July 11, 2013 Agreed. Plus, there is a slow trend toward people wanting alternative energies (I would say partly due to this "oil shortage"...) that there is no way that big companies like BP and Shell wouldn't want a cut of the profit once it's more commercially viable. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.