Those debates about technological advances and resources go a long, long way back. From the News from 1930 blog:
Pennsylvania oil producers agree to cut oil production 30%. “This makes strange reading for very old-timers recall that as far back as 50 years or more ago the majority believed the oil reserves of Western Pennsylvania would be exhausted in a few years.”
Meanwhile, a month earlier, in Canada:
Canadian government announces a program to develop the Alberta tar sands. Applicants must have the rights to a promising process for mining the oil sands. After receiving a permit experimental work must begin within 60 days and at least $15,000 must be spent within the first year.
Friday, July 24, 2009
Tar sands and peak oil in 1930
From the News from 1930 blog via the Financial Times' Energy Source: