Wednesday, July 19, 2006
The Answer to Peak Oil
I read much more of the book and found the problem answered within its very own pages. The US doesn't have much oil, and the world may some day run out, but we will be fine. Apparently, gasoline and diesel can be synthesized from coal by a process known as coal liquefication. We do have abundant reserves of coal. Oil shale can also be used to produce oil. While it is less effective and more costly than drilling for oil, our reserves are enormous. Most of the world's oil shale is contained in the US and Canada. Between these two sources, we should be able to run our country for decades after the rest of the world loses their oil. This will give us time to rebuild our infrastructure in ways that can be support by alternative energy sources.