One thing we know for sure is that some time in the future (5 years, 10 years, maybe 30 years), the price of oil will skyrocket, as we enter into the much documented "Peak Oil" phase, and supply no longer meets demand.
True, Peak Oil is a theory. But it is likely to happen. It's merely the point in time when approximately 1/2 the worlds finite oil reserves are used up, and we enter a phase of diminishing supply. Hopefully it won't happen soon. Hopefully the world will have stopped using oil altogether by the time Peak Oil happens as we use more Nuclear and renewables. But with the world consuming nearly 100 million barrels of oil a day (I think that's about 3 litres of oil per person on the globe per day), I think peak oil has a good chance of happening unless there are changes.The theory of Peak Oil and its possible consequences is merely a theory.
One thing we know for sure is that we can never know anything for sure.
True, Peak Oil is a theory. But it is likely to happen. It's merely the point in time when approximately 1/2 the worlds finite oil reserves are used up, and we enter a phase of diminishing supply. Hopefully it won't happen soon. Hopefully the world will have stopped using oil altogether by the time Peak Oil happens as we use more Nuclear and renewables. But with the world consuming nearly 100 million barrels of oil a day (I think that's about 3 litres of oil per person on the globe per day), I think peak oil has a good chance of happening unless there are changes.
I know one thing for sure. I won't be alive 10'000 years from now.