I'd like to raise what I believe is the most defining issue for the 21st century. Based on the evidence, the world will soon run out of economic oil. We've probably extracted well over 50% (the easiest, highest quality) of petroleum from the planet. Over 60% of the remaining oil is located in the Middle East. There is no alternative to oil in terms of convenience, amount, and quality. Once we run out of it, existing alternatives will not be able to replace it. Cars will be obsolete.
I believe America will be hit the hardest because of suburban sprawl. This country literally runs on cars and once we're out of oil, the US is basically screwed. Many other nations, especially China, will also be hard hit. There's a lot of predictions about what will happen once the Sauds run out of oil (ten years at most I believe), but before I get into that I wanted to introduce this idea to the forums. What do you think about it? I'm pretty frightened myself, but not many other people I talk to about this have really thought about it before (the great sleepwalk of America). I suspect many people will be waking up very soon when the price of gasoline increase to 10 dollars a gallon and their energy bill stars costing hundreds of dollars regularly per month. We still have some time left...but not much.




