Tilt wrote: Was told by top retiring Standard Oil exec in 1970's. That
they alone have enough Capped wells in U.S. to last 400years!
And population growth considered ie: number of vehicles.
But why use our oil when we can make big profits brokering
for middle east countries + others. If they go dry we(oil
companies) have the capped wells/producers. This was told
to me during the "shortages".
I am sure that same exec would be astonished if he saw the current global consumption rate. In the 70's, China was billions of bicycles and the 2nd largest population, India wasn't that much better. What happens when you add a couple billion cars & a billion diesel generators to all those emerging economies who can't trust their electricity?
Thomas Sowell: There are no solutions, just trade-offs.
