Right now, space rockets are using hydrogen derived from methane so we may be driving electric cars and using oil and gas for space travel and manufacturing. There’s always going to be a use for hydrocarbons, but the type of use will change. In fact, with the industrialization of emerging countries demand will only increase. The decline in production may not last long. EOR can and will increase production. Several different types of EOR that are operational in the Permian Basin have greatly increased production. Did you participate with any of your mineral rights? We have done so with good results. Good thing your ancestors didn’t sell.
My comment is only on the Electric vehicle part of your comment…many people state , as you do , that EV will be the only vehicle in 20 or 30 years. Unless the prices come down considerably (even under the cost of today’s cheapest gas fueled vehicle) ; it is near impossible. There are over 290 million vehicles on the road in the U.S. today. Even the program in 2009 (cash for clunkers) only got about 675,000 old vehicles out of the system. If the government doesn’t pay for a new vehicle many people won’t be able to and how does the government force you to buy something (to most people ; a necessity) you can’t afford. Yes, they could close down all gas stations…but , it’s not going to happen. The biggest issue is that the U.S. population is only 4.25% of the World. Oil will be needed throughout the World and still in the U.S. even with the EV product. It most likely will be generations before oil will be out of demand, if ever. Also, don’t overlook all the products made with oil as another source of necessity!
1 Like
I totally agree with Rick.
1 Like
This topic was automatically closed after 90 days. New replies are no longer allowed.