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Today I came across this article in The Atlantic published in May, 2013. It contains some very interesting historical facts about oil as well as present-day discoveries and fuel usage. It is a long read, and it contains a video that is informative. According to the article, Japan is leading the research in how to economically mine this fuel from the bottom of the sea (at least, it was four years ago).
The take-away for me is that the long-term price of gasoline probably will not rise that much do to the ever-increasing reserves of oil, however much harder to extract it it will be. The use of methane gas extracted from “fire ice” will free up oil for producing gasoline, IMO.
https://www.theatlantic.com/magazine/archive/2013/05/what-if-we-never-run-out-of-oil/309294
The take-away for me is that the long-term price of gasoline probably will not rise that much do to the ever-increasing reserves of oil, however much harder to extract it it will be. The use of methane gas extracted from “fire ice” will free up oil for producing gasoline, IMO.
https://www.theatlantic.com/magazine/archive/2013/05/what-if-we-never-run-out-of-oil/309294