Spin-off from the "Bush does it again..." thread
I thought I'd start a new topic instead of de-railing the "Bush does it again
First of all, do some googling on "Peak Oil" and "The End of Oil".
Here's one of the best summations I've found regarding Peak Oil:
Oil will not just "run out" because all oil production follows a bell curve. This is true whether we're talking about an individual field, a country, or on the planet as a whole. Source: http://www.lifeaftertheoilcrash.net/
Oil is increasingly plentiful on the upslope of the bell curve, increasingly scarce and expensive on the down slope. The peak of the curve coincides with the point at which the endowment of oil has been 50 percent depleted. Once the peak is passed, oil production begins to go down while cost begins to go up.
I believe this is something our generation needs to deal with. Of course the best solution would be a more efficient fuel that would run correctly in existing internal combustion engines yet this seems highly unlikely.
Let's put it this way, oil will
reach it's peak and eventually run out entirely. (Or become so expensive and impractical to drill that it might as well have run out.) It's only a matter of time.
What should we be doing?
What energy alternatives do we have?
When will oil reach it's global peak?
Here's another good link from Wikipedia