Can good engineering can prove oil can be made in vast quantities and at low cost?

It can. ...and it can be done with good engineering. I don't know about oil, per se, however I believe you are speaking of renewable energy.





As pro-space exploration that I am, I think this money would currently be better spent on renewable energy without the interference of big oil companies.Can good engineering can prove oil can be made in vast quantities and at low cost?
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Can good engineering can prove oil can be made in vast quantities and at low cost?
Oil being made requires millions of years, tar pits and dead things. You can't 'make' vast quantities of oil with engineering.
You can make synthetic oils out of steam and anything that contains carbon. This has been done on a commercial scale several times. It generally costs more, however, than oil that comes out of the ground. The costs are essentially a function of the chemistry and physics of the process and have already been engineered.
No, we have reached the maximum as far as oil is concerned. The Saudis are lying about how much more they can increase production. They reached their high in the late 80's.
If you mean produce, as in improve our ability to take petroleum from the Earth through improvements in engineering, then yes. Every year, petroleum engineering breakthroughs are lowering the cost of retrieving oil, making it economically feasible to harvest previously hard to get at reserves.





But the reality is there is a limited supply and increased demand. Market pressures deem that we go for the easiest obtainable oil. Even though we're making it easier and cheaper to get to oil, we've essentially left the most difficult oil for last. That means prices WILL GO UP.





Knowing this, we would be irresponsible towards future generations by not pursuing viable alternatives and conserving as much as practical. Solutions are going to take a long time to deploy on a global scale - we need to buy as much time as possible instead of letting someone else solve these problems.