Peak Oil.

[bigpaul]

(31 January 2012, 09:55)NorthernRaider Wrote: There is still plenty of oil left, problem is twofold (A1) its costing more and more to extract it and refine it, then of course (A2) many westernised nations depend almost entirely on the revenue from oil and gas to fund its social welfare programs. (B) China and India etc and the far east in general is developing very fast and wanting an increased slice of the oil revenue.

Thats my whole point NR, there may be lots? left but its all being used up faster because more and more people want some of the action, at some point in time we reach a place where there is none left, or what is left is too expensive to extract and refine, if governments have not put money into any/or enough alternative systems (and they WONT while we still have the oil companies with their tentacles in government) then we are back to pre-industrial lifestyles.