eecir opened this issue on Sep 03, 2004 ยท 89 posts
XENOPHONZ posted Fri, 03 September 2004 at 10:15 PM
Attached Link: http://www.economymodels.com/oil.asp
OK -- I said that I'd stay out of the politics, but someone has chosen to issue a challenge:the world will be out of the grades of oil that produce your gasoline within 40 years, well within my grandchildren's lifetimes.
Yeah, this is one of many scenarios -- frequently listed by environmentalist wackos and doomsayers.
According to the predictions made in tomes such as Silent Spring and The Population Bomb, we should have all been dead a couple of decades ago.
Well.....the predictions were flat wrong.
And so is this one.
One of the results of the oil crises was feeling that oil might run out. Known oil reserves would only last for a few decades into the future. But time passed by and oil did not run out. In fact remaining oil reserves seemed to increase each year rather than deplete. Today the general consensus is that oil will not run out, at least not in the foreseeable future. Anyone who thinks differently is a crackpot or a doomsayer. History has taught us that we will find as much new oil each year as we pump from the ground. Yet, this will not go on forever. Oil is a limited, non-renewable resource. Every time we burn a barrel, there is one less barrel left. Eventually oil will run out, or at least become scarce enough and costly enough so that we wont burn it all. Before oil runs out, there will be a peak in production. We have not passed that peak yet, but growth in production tends to be slowing.
Just maybe if US citizens started paying a realistic price for it
The fact is that we do pay a realistic price for it.
The Europeans are the ones who pay an unrealistic price for it. A price artificially jacked up by ridiculous taxes.
they'd stop using more than the rest of the world put together and start wondering what they're doing to their kid's futures.
Perhaps there is a reason why Europe enjoys extraordinarily high unemployment rates -- rates that would be considered to be indicative of a depression here in the U.S..
Perhaps "the rest of the world" needs to follow an example.
Message edited on: 09/03/2004 22:17