Quote:
Originally Posted by Number 3
Well there is that pesky thing about the limited supply of oil in the ground.
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"They" (the doomsday crowd) have been predicting the decline of global oil supplies for several decades. It certainly won't last forever but we're good for a long while. FWIW the US is now the world leader in oil production, with lots of still untapped reserves.
1977: Oil will peak by the early 90s
"As a nation, Americans have been reluctant to accept the prospect of physical shortages. We must recognize that world oil production will likely peak in the early 1990's, and from that point on will be on a declining curve. By the early part of the 21st century, we must face the prospect of running out of oil and natural gas."
— 1977 US Department of Energy Organization Act