Some experts believe the age of oil is near its end. Others insist that there are trillions of untapped barrels left -- and that the future of oil depends more on what happens above ground than below.
ACCORDING TO ''The Prize," Daniel Yergin's Pulitzer Prize-winning 1991 history of the oil industry, the dawning of the automotive age was a time of deep pessimism about America's oil supply. World War I had just ended and few new fields had been discovered. Crude was in such short supply that some refineries were running at half capacity. ''Leading geologists," wrote ... (Full article: 1725 words)
This article is available in our archives:
Purchase an electronic copy of the full article. Learn More
- $9.95 1 month archives pass
- $24.95 3 months archives pass
- $74.95 1 year archives pass