Oil Will Dominate for Next 100 Years, Predicts Shell

At Shell, where he is a manager in the company’s Fuel Technology Group, Mr. Macias is in charge of investigating which fuels will replace gasoline and developing ways to make them cheaper.

But so far, there’s nothing in the pipeline that he said will transform Shell or dramatically change the way the world’s vehicles are powered.
“Fossil fuels will dominate the transportation world for the next 100 years,” Mr. Macias told the International Motor Press Association yesterday. “Shell’s an open-minded company, but as long as the demand is there, we’re going to refine oil and gas until anything else becomes more cost effective.”

Mr. Macias said the worldwide infrastructure designed to explore, extract, and refine oil is so vast and established that virtually no economic force could justify its replacement. Oil companies like Shell think a more realistic outcome is that more efficient fossil fuels will take up more of the functions at those plants.

New York Sun