April 18, 2007 by jimstogdill
The Cubic Mile of Oil
Once you start thinking about topics like peak oil, you start running across all kinds of things about it and related topics. We currently use approximately one cubic mile of oil per year. This article in IEEE gives a sense of what it would take to replace that with other sources, and this article adds analysis and comments.
When we ran out of whale oil, it took rising prices finally forced people to shift to petroleum; but not until nearly the entire possible supply of whale oil was used. Fortunately petroleum was just lying there, just waiting for a few extraction technologies to fill the gap. If only fusion were waiting in the wings so ready.