With only about 5 percent of the sea floor explored in detail, a picture is emerging of a vast system of natural undersea dynamos, fueled by hot springs, that produce not only valuable mineral deposits, but habitats for unique, heat-loving organisms that can provide materials for products ranging from detergents to pharmaceuticals.
Researchers predict only 30-50 years at most before reserves begin to decline sharply. Increasing oil production will hasten the day when demand for oil outstrips supply and will make an inevitable oil crisis far more unmanageable, researchers from the University of Rochester say.