It is believed that oil has already peaked, probably last year, and we are now witnessing the steady decline of oil - hence the price of a barrel of oil going up $26 in the past couple of months!
Running out of oil doesn't bother me, its the attitude of how people and how they are going to adapt to a drastic lifestyle change that bothers me; i'm not a doom-mongerer but i hope that we don't witness a society collapse and widespread chaos due to everyone panicing
Can you really see people digging up their back yards to grow food because they can't drive to the supermarket, and how are the lorries going to deliver the food to the supermarkets if the petrol is rationed by the government?? People will have to change their ways i'm afraid.
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Originally Posted by air  Did you see news on oil prices yesterday on BBC and ITV?
What do you predict- How much time more we have until world oil reserves run out? Are we approaching the end of an era of cheap oil? |