All this bluster from the "it can't be done, we don't have the reserves crowd".
Whenever you read someone who says it's complex, and doesn't have a solution - run, don't walk the other way. You can put their finger on a map containing enough oil reserves to run the US for a century, - "it can't be done". You can explain that coverting electrical energy generation to anything other than coal ensures both electrical, and carbon-based energy for centuries - "it can't be done."
They will however say that oil has to go.
Run, don't walk.
In answer to the original post, obviously the answer is yes. Look at spot prices right now.(HINT, CLUE) There's a reason they are falling.
