-Caveat Lector-
The issue of world oil supply is not one of the end of oil but the end of cheap oil.
Cheap oil generated energy has had a dramatic impact on the world over the past 100 years. Cheap oil energy has fueled the explosion in world population, food production and industrialization. Those days are numbered. There will always be enough oil, the question is, at what price?
High cost oil will have as dramatic an impact as cheap oil.
Unless another cheap energy source can be developed within a reasonable time, we cannot support the current huge 'cheap energy' world population. Dramatic declines in the world standard of living, increasing famine. political instabilty and escalating war over diminishing resources are a certainty.
Discussing the end of oil is foolish. Discussing the price of oil is what it is all about. flw
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