Quote:
Originally Posted by spunkmaster
In less then 10 years the US won't need oil anymore !
They have fuel cells now that will run a house for a
year and a car for 10 years !
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More and more energy alternatives will become ECONOMICALLY VIABLE the longer oil stays expensive. If anything, this recent surge in oil prices might trigger the END of oil as the world's main source of energy.
It's funny how ECONOMICS works--the moment something becomes expensive, alternatives and substitutes are found. If the market dynamics are right, a tipping point is reached and the old standard product is a relic of the past.
Examples: whale oil, baleen corsets, etc etc.