Forty years ago, at a prestigious conference at the Smithsonian Institute, experts estimated known oil reserves at 455 billion barrels.
Funny thing happened on the way to our lights going out. Since 1972, the world has produced nearly 1 trillion barrels of oil. Current experts estimate known reserves to be 1.2 trillion barrels.
Even the current experts are wrong. Colorado and Wyoming can produce more than 1.2 trillion barrels all by their little lonesome.
Relax. The world contains oil enough for centuries.
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