QUOTE(Oo.ZeALoT.oO @ Sep 12 2005, 07:13 PM)
Once the middle east runs out of Oil, Us canadians will sell the huge amount of oil we have believe it or not, somewhere below Alberta.
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Pfft, the extraction cost is extremely high. Pumping oil from the ground is not the same as grinding it out of sand.
And yes, we can actually generate biodiesil from the biological waste from agriculture. And vegetable oil can be used, as long as you extract the stuff that makes it viscous I forget what it was called, but saw a demonstration of it many years ago. It does smell like fries though...
Oil is merely a medium of transporting and using energy. Of course, there are other mediums - batteries, fuel cells, etc. but oil is currently the cheapest and most efficient way of managing energy.