We will never run out of oil, world wide or domestically.
We will find oil to be more and more expensive, and eventually we will have less and less of it (unless we start making it ourselves or find totally new types of sources for it), but we will never have none available.
But that's probably what you meant by "running out of oil". I'll assume it was shorthand for "having much less oil at a much higher price". (If its not, let me know.)
You can draw all sorts of curves but they really tell us very little about future supply and demand except by luck, they are guesswork, educated guesswork at best, not real information.
But your general point (if not your terminology, or your argument for the point, or in my opinion your view as to the timing of the change) is correct, oil from the easier sources is drying up, and the same will happen to more and more difficult sources over time.
So why put oil in the US off limits. If your opinion of peak oil's timing, and the pace of the fall off from the peak is correct, that oil is in a sense worth more than its current price would indicate so we have even more reason to get at it.
Yeah, I know conservation is the not the Libertarian way
There is absolutely nothing anti-libertarian about deciding to conserve. |
