I think the $98 a barrel oil price and the predicted shortfall in oil reserves this winter in the US should tell us something! I would expect a rocky road economically and socially in the future as the gap between supply and demand
WILL get bigger; also to note is that the reserves in the giant oil fields in Saudi Arabia are now apparently 43% depleted (news sources).
I think some very harsh lifestyle changes will need to be made by all of us for the future - mainly by our next generations, with adapting to life without oil or the scarcity of it; the survivers won't necessarily be the strongest or the most intelligent - it will be the ones that will be able to
adapt to hard lifestyle changes.
Buy a diesel car and get it converted to veggie oil - that would be a good start and save you loads of money too.
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Originally Posted by air  Whether we are running out of oil and what might happen if we do- Is there a balance between oil demand and supply? Are we running out of the oil and should we consider asap other sources of energy such as wind, solar .etc...? |