omnimoeish: "In reality, hydrogen produces more CO2 than gas..."
Why do you think so? H2 + O burns to H2O, no? Hey, that kinda rhymes.
omnimoeish: "... and although it may be true it appears we have warmed up the earth by one degree in the last 100 years, the oil age can't last even another 40 years according to the CIA's website, (maybe not even 20)."
But, for one thing, we'll get better at extracting oil, so the price will rise but we will continue to get it. We also search for and burn CH4. The Coal Age could go on for quite a long time, as could The Age of Deforestation. And CO2 is a cumulative thing; reducing the rate and stopping the contributions from oil and coal early would be beneficial.
And I agree with you that, at this time, H2 is not particularly feasible. However, I don't mind some spending in research for it. It's just that, as you say, the Bush priorities were skewed way too far in favor of H2.
H2 + O2 = H20 does not produce CO2, but the process of separating the hydrogen in the first place is almost exclusively done by separating the H2 from CH4 because it requires less energy input, and using electricity requires so much energy, even in states like Oregon where half of our electricity is produced sustainably without fossil fuels, and only half is produced with coal, we'd be producing more CO2 then just burning gas. It's all there in the "Hydrogen is a Hoax" article, but the bottom line is that before we can even think about hydrogen, we need to find a way to produce electricity sustainably for practically free, and free of pollutants and greenhouse gases if you believe that.
I am willing to bite on the global warming thing, I suppose there are enough experts that agree at this point that it should be given acceptability, although I'm still dubious as to whether it will ever materialize into much more serious of a problem than it is now before other repercussions of our oil dependency manifest themselves (such as economic stagnation, or resource wars).
Oil extracting technology has gotten slightly better over the years, but according to the CIA's website, there is only 42 more years of oil at current consumption levels (85 Million barrels per day globally).
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2178rank.html
In other words, assuming we extract every last drop of oil, and that global consumption does not increase at all, we could still enjoy life as usual for 42 more years. In reality, many countries, most notably China are increasing oil consumption exponentially. Granted we are still finding new oil, however, its at slower and slower rates.
http://wolf.readinglitho.co.uk/chartpages/d/d1oildiscavproj.html
As for technological advancements.
http://indexmundi.com/energy.aspx?country=us&product=oil&graph=production
It's pretty obvious technology hasn't saved the US from producing less and less oil. Although other countries of the world might get more efficient at producing oil, as more time goes on, the US is going to become more and more reliant on foreign oil, and that's the best case scenario, the worst case scenario is that the major players in the middle east like Iran, Iraq, and Saudi Arabia have peaked and the other smaller contributors won't be able to pick up the slack, meaning that either we out pay the competing oil buyers like China, or go in with our military and take (this is where Bush was truly ahead of his time if you are one of those thinkers)
The question of how much oil is in the world is moot compared to whether we can actually get the stuff out of the ground fast enough to keep up with demand at a price the economy can support.
Same for the oil sands in Canada. Sure there's a lot of equivalent barrels of oil there, but how much will it cost to produce the stuff?
A barrel of oil is 42 gallons of crude oil. So at $150/barrel, last summer's high, just the oil, not the additives, not counting oil tanker transportation fees, refining fees, transportation fees of gasoline in tanker trucks to gas stations, and gas station expenses for employees, not gas taxes to maintain the roads, etc. crude oil cost $3.50 per gallon last summer, making the final price of gas about $4.50. It's pretty obvious the economy can't sustain that price. I would say the economy could probably sustain about $3.00 maximum for gasoline (that's still about $60 to fill up the average car, but the economy could probably sustain that if everything else was doing well), so probably $2 per gallon of crude oil, or $84/barrel. That's about as high as oil should ever get if we don't want the economy to contract.
Seeings how right now most of the major oil producing countries are saying that they can't even pump oil out of the ground for less than $80/barrel. I doubt the oil sands are ever going to get down to that price range.