Originally posted here by Aspman
Q>The big oil and gas companies must see the writing on the wall for the decline in reserves. What are they planning to do to earn profit when these natural reserves are gone?
My guess is that corporate leaders can't be concerned with the extremely long term goals. The market is much too fluid to plan on contingencies 15 or 20 years in the future. From my experience, most corporate strategies only extend out between 5 and 10 years. Most scientists agree that we should be doing okay on oil for the next 10 years at least. 40 years is questionable, and 100 years is right out at the current rate of consumption from the estimates I've heard.