Resource reserves anot total in-place (Abundance of fuels, especi

I worked for ARAMCO form 1978 to 1984. In 1984, ARAMCO estimated Arabia had 45 years of proven reserves at then current production rates(about 9 million barrels/day). When I returned to Arabia to work for the Saudi Electric Company in 1990, the cartel decided to limit members production to a percentage of each states reserves. Unfortunately, they didn't limit the word "reserves" to PROVEN reserves, so the cartel members promptly re-estimated their "reserves" to include "estimated" reserves, so their percentages allowed them to pump nearly twice as much oil. By that criteria, Arabian "reserves" then became enough to pump another 45 years(from 1990),,,but estimated reserves include oil that is very thick and requires active injection of water, sometimes including super heated steam to liquify the below ground oil so it can flow thru the interstices of oil bearing sand stone. That is a very expensive recovery mode,,,

Sure, world unconventional reserves may far exceed current proven reserves, but if they're really energy intensive to retrieve, that will inevitably lead to a much higher price/barrel. Chemical energy as our only energy source is ludicrous for a high tech society. The ONLY open ended, constant cost energy source is the sun and as retrieval tech improves(improved efficiency/production cost of solar cells, etc) the production costs will go down. Power sats allow us to directly access that big old fusion plant in the sky for the next few billion years. Why does that not take priority over any chemical storage system in your world view???

GAry 7