The Economic Crisis

[gh]

Production of oil, however, already has or is peaking, so oil production rates will begin to go down. It will become scarce gradually. The flow of oil won't simply stop when the last drop from the last well is pumped out. As it is, there's also some vaguely known quantity of oil that we know we can't get at with current technology.

However, what's left will become more and more expensive to obtain in the next few decades. I think 20 years is far too optimistic a timespan for new technologies to supplant oil's role in the world, considering current economic and (maybe more immutable) political conditions.

[2win]

Production of oil, however, already has or is peaking, so oil production rates will begin to go down. It will become scarce gradually. The flow of oil won't simply stop when the last drop from the last well is pumped out. As it is, there's also some vaguely known quantity of oil that we know we can't get at with current technology.

However, what's left will become more and more expensive to obtain in the next few decades. I think 20 years is far too optimistic a timespan for new technologies to supplant oil's role in the world, considering current economic and (maybe more immutable) political conditions.

Yes! I totally agree.

[andrewwski]

Production of oil, however, already has or is peaking, so oil production rates will begin to go down. It will become scarce gradually. The flow of oil won't simply stop when the last drop from the last well is pumped out. As it is, there's also some vaguely known quantity of oil that we know we can't get at with current technology.

However, what's left will become more and more expensive to obtain in the next few decades. I think 20 years is far too optimistic a timespan for new technologies to supplant oil's role in the world, considering current economic and (maybe more immutable) political conditions.

Exactly. But much the same, as oil prices rise, demand for alternate energy forms will rise as well.

[2win]

Well then, the government needs to make a move about trying to create more sources of energy.

[Avis_de-Incendia]

The government needs to do a lot of things.

[2win]

Very true. What happened to everybody else on this thread?

[Avis_de-Incendia]

Um the thread *almost* died.

and we basically talked the entire subject out in terms of junior high level.

[2win]

wuh? so what? we're in gt, our parents homeschool us on the side and im in algebra

[catapult champion]

colleges look at home-schooled people over others because teachers try to get you out but your parents make you work

[2win]

yesss. so very true.