It's hard to imagine, but with stories like this coming out more and more, I can see the day coming when people will be incredulous that educated people once foresaw a day--almost always about 10 years into the future--when the world runs out of oil.
Not likely:
Not likely:
A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."
Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.
"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).
