Oil generates about 0.5% of our energy, mostly in peaking plants. It will not be used at all for AI, as that is a pretty constant load. You might be thinking of Natural Gas, but the US has enough Recoverable Natural Gas reserves to last almost 100 years. Obviously, more will be found, but our strategy should be to develop more long term sustainable resources, like Nuclear Power. Nuclear Power is the solution to our energy needs, staring us in the face. But the left doesn’t want solution, they want us dead.
Items:
1. Coal does not grow food from the ground, nor carry it to shelves.
2) The world of reserves is and always has been nearly entirely opaque. They vary by price, by the definition of oil (yes, it does vary), and by label (meaning “oil” vs “crude” vs oil equivalent). It’s usually best not to obsess over reserves.
3) The planet’s radius is 4000ish miles. We only drill down about 30,000 feet, or 6 miles for oil. Why? Because the temperature rises and hydrocarbons stop being oil and start being gas.
4) Iraq and Iran still have laws on the books. If either declares a new amount of reserves, the other makes the same declaration. Regardless of exploration budget. Why? OPEC production quota depends on reserves. Yet another reason to not obsess over reserves numbers.