I graduated with a degree in Petroleum Engineering 42 years ago, and I recall someone telling me I would have to change jobs as there would be no more oil in 10 years.
The whole idea of “running out” of any resource is economically ridiculous.
At the present price and technology level?
Sure, we might “run out”.
But let the price float, and innovation will follow, and there will never be a time when the resource actually “runs out”.
the global warming hoax is still running and again what is to blame ? the oil industry is the fake threat again.
And this is our government and news media lying to us again and again and again but democrats and many others trust and believe in the media and government
Notice how the problem is always oil or something that affects the whole economy like the Internet that the government has to change(internet with net neutrality FCC regulations). The goal is communism , government control of every aspect of the economy and every aspect of our lives
The OPECKER lies started in the mid to late 1950’s.
One side of our family was in oil drilling,
oil production and gasoline production for decades.
Two of my cousins and I wanted to get degrees to work in what had been a good business for decades for our families.
We were told by relatives and older friends in the business not to waste our time and money on worthless degrees.
Then, we got the same advice at our colleges, our freshman years.
So, we and most of friends opted out degrees associated with the industry.
One cousin, got an architecture degree and worked in various refinery sites in the summers and planned to work with the company to plan new refineries and retro existing refineries.
After he got his degree, he was hired by the company his dad and uncle worked for. Before his first summer was over his department was down sized. He was assigned to designing new gas stations. Two years later, his east coast division was shut down, and he was unemployed.
He was devastated and ended up with a divorce. He went back to school and got his PhD. Besides being a professor, he did consulting with the refinery industry.
We were lied about our nation’s oil reserves for over 50 years.
Cui bono, who benefited from the decades of lies?