This is patently ridiculous. We may run out of oil but no now. We need to start the move away from oil and to electricity in some places but where does the electricity come from? Not solar or other feel good crap.
We have called for Thorium for some time now. The time is past for it.
We shall never run out of petroleum. It is a compact, relatively safe, High-energy-density power storage medium. It works well in the presence of sufficient oxygen to fully release its energy potential, and best of all, it is renewable.
And not merely with the relatively slow action of algae converting carbon dioxide and other foodstuffs into an olefin substance (not yet particularly efficient), but by abiotic methods that have worked well in laboratory and to a limited extent, on an industrial scale. Plus the earth itself, down at the discontinuity that lies between the molten center and the rocky surface crust, the reaction proceeds continuously. “Empty” oil wells refill over time, and geologically, in not very much time at all.
Methane, which is found on the sea floor in vast quantities in the form of Methane Hydrate, is being reformed all the time from the anaerobic decomposition of other organic material, and even the less optimistic estimates of its total accumulated amount still indicates that from four to ten times the amount of energy found in all the coal and petroleum, and natural gas trapped in rock formations, is in this Methane Hydrate. All we have to do is mine it, and with the technology we now have, this should become a reality within a generation - the Japanese and now the Chinese are looking into ways of recovering the trapped methane efficiently and economically.
And methane itself is a practical source of building up longer-chain hydrocarbons. By controlling the rates and procession of the reaction, a very specialized output may be exercised in the production of a vast preponderance of a particular compound, like gasoline composed mainly of iso-octane, a form of hydrocarbon more efficiently burned in a spark-ignition engine.
Of course, methane itself, stored as a compressed gas, is an excellent motor fuel, but engines have to be modified and tuned to burn it efficiently.
Everyone who buys into the Left’s energy scare and lies and invests in non-existent alternative energy, goes bankrupt. That includes nations.
Divest from these wacky, Marxist CEO’s before they take you down with them.