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Originally Posted by The Reaper
Again, this is a common misconception that is widely promoted by the environuts.
We will NEVER run out of oil. It will get harder to find, and more difficult to recover, until the price gets so high, that it will no longer be an economically viable energy source.
When it gets to several hundred dollars per barrel, we WILL find an alternative.
If we had continued developing nuclear power over the years for our electric power generation needs, and gotten serious about alternative transportation energy sources, we would have a new energy source already. Environmental idiots have stopped nuclear power development in this country.
Cheap oil prevented serious alternate energy research. As oil and gas prices keep rising, new energy sources will be required, and there will be a huge incentive for whoever comes up with a large scale practical one to replace the petroleum fueled internal combustion engine.
There may be some social disruption if prices spike rather than rising slowly.
Foreign policy will also be radically changed after oil is replaced.
TR
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Then, if foreign policy is radically changed, we can stop laying out the red carpet for the Suadi Royal Family.
