Were Not Anywhere Near Peak Oil | Burt Rutan | Big Think

We're Not Anywhere Near Peak Oil
New videos DAILY: https://bigth.ink/youtube
Join Big Think Edge for exclusive videos: https://bigth.ink/Edge
----------------------------------------------------------------------------------
As Obama approves offshore drilling, Burt Rutan affirms that the U.S. has centuries’ worth of oil at its disposal, but thinks “it would be kind of cool if we just left ours in the ground and then when Saudi Arabia is out…charge them $1,000 a barrel for it.”
----------------------------------------------------------------------------------
Burt Rutan:

In April 1982, Rutan founded Scaled Composites to develop research aircraft. Since its founding, Scaled has been the world’s most productive aerospace prototype development company, developing new aircraft types at a rate of one each year.

Recent projects include the White Knight and SpaceShipOne, the world’s first privately funded spacecraft. He made international headlines on 21 June 2004, when with Mike Melvill at the controls, SS1 flew history’s-first private manned space flight. On 4 Oct 2004, SS1 won the $10M Ansari X-prize (two flights within 5 days flown by Melvill and Brian Binnie). The Virgin Atlantic GlobalFlyer designed and built at Scaled made its maiden flight in March 2004 and a record setting solo world flight in March 2005.
----------------------------------------------------------------------------------
TRANSCRIPT:

Question: Are there any innovations on the horizon that would help planes greatly reduce their carbon emissions?

Burt Rutan: Alternative fuels, well, of course, bio fuel is a terrible thing to do. It doesn’t save the amount of energy that you need to make it and you know think about it. This bio fuel thing, I don’t know how long ago it was. It was in the last decade I guess and when you go out and have farmers instead of making corn and wheat they’re making things for cars. That’s horrible. You kill a lot of people by raising the cost of food and that had no advantage. I don’t see any advantage in bio fuel over carbon based gasoline and oil, no advantage at all. Alternative energies, if we get another order of magnitude of improvement on energy storage, which we might because it hasn’t been that long when we had lead acid batteries and now we have batteries that you can go out and build a light plane with a couple 300 miles of range and that means that you can fill it with any kind of energy. Wind and solar is not useful because it uses way too much land and it doesn’t work all the time. You know it doesn’t work at night. It doesn’t work when it’s calm. I don’t see that as an answer even though right here in my yard I can look out and see 12,000 wind generators. They wouldn’t be there if it weren’t for the incentives because it doesn’t make any sense. I think we may have geothermal, which is unlimited and extremely powerful and we don’t’ have to go down much deeper. In the future I think geothermal might be a real biggie, not from the standpoint of how we’re doing it now. There is a few geothermal plants out there. I’m talking about the big breakthrough that lets go down where it is really hot and then there is unlimited amounts of energy.

I don’t see that there is going to be a lot of change in oil because we got a lot of oil. We’re not anywhere near peak oil. What people don’t realize is that they say well gee, we’ve only got so much oil left. The number of years of proven reserves with the technologies that we have, if you look at it now, if you go back a decade, that was actually a smaller number. If you go back a decade the proven reserves was a smaller number of years and when they first started being worried about it they thought my God we’re going to run out right away. Well they didn’t include the fact that humans have intelligence and they can invent ways of going after it and you know you wouldn’t have thought of going after you know the tar sands and so on, but now you can show that you can do it as cheaply, i.e., affordably, i.e., it will be done because it’s driven by the market. So we are hundreds of years away from the time at which oil prices will go way up because we really are getting short. So I don’t see a need for alternatives. I’m not saying we shouldn’t have alternative fuels. I mean my house here is getting to the point where it is affordable and it will all be solar and wind and I won’t have any energy costs.

Read the full transcript at https://bigthink.com/videos/were-not-anywhere-near-peak-oil/