Could nanotechnology be used to solve the problem of dwindling fossil fuel resources, and if so in what capacity ?

Question: Could nanotechnology be used to solve the problem of dwindling fossil fuel resources, and if so in what capacity ?
- Keywords:
  fossil fuel,
  nanotechnology,
  resources
Asked by anirishlad to Arlene on 13 Nov 2012. This question was also asked by conallmolloy.
- Arlene O'Neill answered on 13 Nov 2012:
  
  Great question! Yes certainly nanomaterials can harness and store energy more efficiently that anything else ever found before. For example nanomaterials have shown really promising results in solar cells, batteries, thermoelectrics, hydrogen storage and supercapacitors! By enhancing all these means of energy storage and delivery methods there will be less dependence on fossil fuels.

Question: Could nanotechnology be used to solve the problem of dwindling fossil fuel resources, and if so in what capacity ?