| It doesn’t require the UN signing a unanimous agreement to cut fuel usage. It doesn’t require a world-wide effort to turn off the lights at night. All it requires is supply and demand. As oil becomes more scarce, it becomes exponentially more expensive. As it becomes more expensive, people naturally use it less.This year, people stay away from SUVs like the plague, and they have been buying up hybrids and highly fuel-efficient cars in troves. Honda Civic sale are up 40% this year, a number unprecedented in automotive history. My friend recently purchased a Civic, and it was the last one on the lot. When new Civics become harder to buy than Range Rovers, you know something has changed.
And that is why I’m saying we are running out of oil, but we will never actually run out. Before oil runs out, and well before it has the scarcity of other rare commodities like gold, it will have become so expensive of an energy source, that many other forms of primary energy would have taken over. As technology continues to develop, energy extracted from nuclear, and any other renewable resource such as solar, wind, ocean currents, will become more and more efficient and cheap. Those energies will power our future’s homes, cars, and industry. In fact, we will certainly find something that completely replaces oil and does the job much better, because that’s what humanity has done time and time again. History is on our side.
So I say with full confidence that before we run out of oil, oil will have become worthless to us. Catch my drift? |
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