Are Our Coal Estimates, In Ground Oil Reserves, And Natural Gas Estimates Reality Based?
We have often heard estimates of our nation’s coal reserves of 250-years, yet some reports criticize these figures, and say this is clearly over stating the reality. With regards to coal, yes, our coal estimates are somewhat flawed, granted, and to that point there are many different types of coal, only some of it is viable for energy generation, the other types of coal are not sufficient in BTU for that purpose. But, we do have a lot more coal than we do oil, as far as oil is concerned, we don’t have very much at all. Even if you consider all the oil in North Dakota, Alaska, and the rest of the Gulf of Mexico, we are not endowed like the Middle East. No one is. Oil is a real issue, and long-term it is like a cliff, we must pay attention. The scares of the popular book Peak Oil, should not be underestimated, even if these warnings were quite premature. What about natural gas, well, natural gas is running out also, and even with new reserves found upping the ante 35%, well so what, so i
