by linlithgowoil » Wed 01 Jun 2005, 09:47:54
$this->bbcode_second_pass_quote('', 'W')e simply cannot sustain the price of oil right now...it's slowly but surely eating away our economies...and still people don't see it.
this is true. thats why i dont think we can sustain much more than about $80-100 a barrel, ever, no matter how badly people want the oil. Sure, it could spike to $150-200, but there is no way on earth it could ever stay there.
In that sense, the economists are bang on. The oil age will not end because we run out of oil, it'll be because its too expensive and we HAVE to use alternatives. Of course, we all know the alternatives aren't going to provide the same quality and quantity of raw energy, so we'll have no choice but to suffer years of power shortages etc., whilst we ramp up clean coal use, nuclear, methane clathrates etc.
This is all ignoring the environmental questions of course, but if the choice is between freezing/starving to death now, or being drowned under rising seas in 50 years, i'll choose the latter.