Which is really exciting since fracking is likely to contaminate every American aquifer and other fresh water source in just 100 years.
Now if we can just expedite gene manipulation to make humans able to survive by drinking oil in 75 years we will be just fine for another 325 years or more.
Wonder if the “400 years of oil” from fracking comes from an energy industry estimate like the one for “100 years of natural gas” from fracking that ends up being only a tenth of that estimate when one boils it down to the actual real math.
You said cheap chinese labor serves a purpose? I’m not sure what you mean? We got rid of legal sweat shops in America. Is the purpose to have them overseas where our laws don’t apply?
I was able to discern from their article that the “100” years is a mythical number and that from reading their article the real guaranteed figure is actually 11 years.
I guess I am a better reader and comprehender than some others.
Chinese labor keeps our consumer prices down…or hadn’t you figured that out yet? The issue is that once manufacturing jobs went to China, or other places…the die was cast. Going back will cause lots of pain. And it hurts Americans as much as it would help.
Two reasons this old ■■■■■■ canard keeps getting trotted out:
*People ignore that oil wells first peak in production and then decline, regardless of how much oil and gas is in the reservoir being tapped. People consume oil and gas at a RATE…the RATE of production is more important than the amount. If people are consuming a resource faster than we can produce said resource…it doesn’t matter how much total resource there is that can be produced. And fracked wells peak rapidly and then tail off reasonably rapidly as well.
*People ignore the exponential function. The “400 years” is always stated “at CURRENT rates of consumption”. Consumption rates aren’t constant, and even a slow increase (like 2% per year) knocks down that 400 years down to 110. Now- people will say “that’s still a LOT”. No it isn’t…because remember…PRODUCTION RATES can’t keep increasing to match increasing consumption. In year 110 of our hypothetical well’s life, the well would have to be producing NINE TIMES as much oil per year as it is producing at “current rates of production”. There’s no way that’s happening…the rate of consumption will be > the rate of production of that well in all likelihood about a decade from now.