Mazda has tested a synthetic fuel in an unmodified MX5 on a 1000-mile road trip

Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by enkid on Monday January 02, 2023 @09:41AM (#34218327)

The proven oil reserves have steadily increased for the last decade, even as consumption has increased. This means that we are discovering oil faster than we are burning it. The Earth obviously can't have infinite oil, but we don't know how long until we run out, and it's likely well over fifty years from now.

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Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by marcosdumay on Monday January 02, 2023 @10:21AM (#34218818)

> This means that we are discovering oil faster than we are burning it.

Nope. All this means is that oil is getting more expensive.

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Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by enkid on Monday January 02, 2023 @11:55AM (#34220165)

I don't understand. Can you explain?

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Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by marcosdumay on Monday January 02, 2023 @01:26PM (#34221590)

Reserves are defined by economic viability. When the thing gets more expensive, they grow.

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Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by theshrike79 on Monday January 02, 2023 @04:25PM (#34223879)

Yes, we have known, untapped, oil reserves.

The problem with those is that Someone needs to front the billions to get them pumping - and with the current state of the world it's not guaranteed that they'll get their money back.

It's better for business to raise the price of existing oil production. C-staff gets their bonuses and stocks go up.

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Re:Mazda has tested a synthetic fuel in an unmodified MX5 on... by riku_iki on Monday January 02, 2023 @06:42PM (#34225361)

newly discovered reserves are more expensive to recover, otherwise oil price would fall.

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