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revelator
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Side Topic for "Great Depression" Thread
The demand for oil is also on the rise though. As vast as these reserves may be, all that does is buy us a little more time to figure out alternatives/fight over it. It will still run out eventually.
russ_watters said:No, the world is not slated to "run out of oil in 2050". Even if "Peak Oil" is right about hitting the peak in the next few years, commodities don't ever "run out", they just hyperbolically decrease forever. With oil, that decrease will be especially slow, because there are vast, untapped reserves that far exceed the Middle East, just waiting for oil to be valuable enough to make it worth collecting.
If you want to discuss that more, please start your own thread - I don't want to hijack waste's
The demand for oil is also on the rise though. As vast as these reserves may be, all that does is buy us a little more time to figure out alternatives/fight over it. It will still run out eventually.