Will We Run Out?
We don't have to worry about running out of oil or natural gas any time soon.
At our current rate of use, we have oil and natural gas reserves to last 60-90 years. And while the total amount of oil and natural gas isn't increasing, our ability to find and extract oil and natural gas from new sources expands almost every day!
We now produce natural gas from buried coal seams, oil and natural gas from deep deposits located miles beneath the surface of the earth, and in the deep ocean, hundreds of miles offshore and in water depths greater than 10,000 feet. (You’ll find more information on these technologies under “Exploration and Production.”)
Finding economical ways to extract oil from coal tars and oil shales could provide supplies for hundreds of years.
The oil and natural gas industry is also investing in alternative energy such as wind, solar, geothermal and biomass to make these potential energy resources more reliable and affordable to meet the growing need for energy. Learn more here.»next