[Gasification] Proven oil reserves are not a measure of futuresupply of world petroleum. It is a well known fallacy in thepetroleum industry to treat them in this way, and it has had serious political consequences.

[David Rezachek]

Yes. But the key is how fast, and even whether, oil shale and coal can 
start taking up the slack.

Again, they better get cracking very soon because the deficit between 
supply and demand will grow.

There also are a number of environmental and cost issues associated with 
these sources that need to be addressed.

Simple economics will not necessarily make solving these problems any 
simpler.

David Rezachek



Greg and April wrote:

>While I do not deny that we will eventualy have an oil shortage ( I never 
>have ) what I do disagree about is that it's going to be by the year 2020. 
>I also disagree that it's going to be a sharp drop, because things like 
>synthetic fuel from oil shale and coal are going to start taking up the 
>slack - simple economics will dictate this.
>
>Indeed I expect that it will be gassification that will eventualy unlocks 
>oil shale, and while eco-activests talk about how there will be debris from 
>oil shale opperations, if the material has gon through a gasifier, to remove 
>the hydrocarbons, then it should be perfect as the aggregate when making 
>asphalt. 
>
>
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