re: #43 abolitionist
Let the total quantity of oil that will ever be produced be designated by Q. If it should turn out that we’ve underestimated Q by a factor of 2, do you think we’ll be sitting pretty for another couple centuries? No. The 50-percentile mark in the pattern of production would shift into the future by only about 20 years, give or take a year or two. I’m assuming a gaussian model.
there may be oceans of oil down there…why not a thousand times more than we have burned to date?