Oil Age End Coming Soon

The chairman of ConocoPhillips Inc., Archie Dunham, said technological advances will replace traditional crude oil, gas and coal long before the world depletes those energy sources.
The world's oil supply will outlast global demand, remaining relatively inexpensive and becoming cleaner to burn, predicts the ConocoPhillips chairman.
The world can rely on fossil fuels for the bulk of its energy needs for the next 100 years," Dunham said Wednesday, adding, "the oil age will end long before the world will run out of oil."
Dunham spoke as domestic gasoline prices hit record highs with crude oil prices above $30 per barrel. Those prices helped earnings at ConocoPhillips rise 32 percent to $1.6 billion in the first quarter, according to company?s report.
The world is using more oil than oil producers are finding, despite improvements in exploration technology. The world demand is expected to grow by 60 percent in the next 30 years.
Dunham said improved gathering technology and more efficient cars such as hybrids that use a combination of gasoline and electricity will keep supplies flowing into the next century.