Oil and ingenuity

Human creativity and effort are also at work to find not only substitutes for oil, but also new oil supplies. Every success in this front increases the supply of oil. The reason is that from an economic point of view there are no sources of oil that remain unknown.

The same is true of the oil deposits are known to exist, but at the moment is too costly to tap. Oil in the Earth's crust, which is not reach with your existing technology is not currently a resource more oil for Pluto. But if human creativity finds cost-effective techniques for the extraction of oil, and then--and only then--becomes a resource. In fact, it creates more resource "oil".

Of course, as a matter of physics, there is really only a finite amount of oil in the Earth. However, we have no idea how much. And of course our ignorance is due to the fact that it is in economic terms.

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