Do you think, that the time of cheap oil supply is over?

Question

Up until now, every country around the globe happily burns oil in every way, as if this fossilized carbon grows on trees. Our entire economy is based on cheap oil. We know, demand will outstrip supply at some point, but are we there yet? One thing is for sure, there hasn't been a major oil field found since 1980. What do you think?

Answer 1

I think we need to start using more renewable resources. There are so many inventions that could revolutionize our daily lives but are hindered by big business. Oil companies don't want other options to succeed because then they lose their businesses.

Answer 2

While the days of .99c gas are certainly over there is no reason to believe that 2.00gallon cannot come back. The whole issue is supply and demand. It is on the consumers at some point the consumer will hit its breaking point to this point we are not there yet, in fact although oil is trading at all time highs gas is still well below the highs we hit in early June.
For better or worse we live in a country that refuses to tap into our VAST oil reserve for fear we may need it at some point down the line. Also America as a whole makes much too much money off of Americans to want to fix the pricing.

Answer 3

Yep, we need to put our scientists to work and develop an alternative to foreign oil. Instead, we are closing almost all of our chemical plants and moving them to China and India, two countries that would never support us in time of conflict. We can't fight a war without chemicals. Also, this country is spending 500 billion dollars to rebuild Iraq, and literally nothing on developing an alternative to foreign oil. It is the stupidest thing we have ever done.

Answer 4

This is why the Kyoto Accord could not be passed. The government also taxes gas far too much and now people speak of rounding up the dollar and slapping an 'environment tax' of at least 12 cents a litre onto gas prices. Does the government care about itself or the economy? None of these ideas are really about the environment.

If they cared about the environment, they'd breach dams to allow salmon to spawn upstream in rivers, ban the mining of uranium, switch the forestry industry from clearcutting to selective logging, put aside parklands for future use, limit suburban development on Crown land and the exploitation of rainforest on Native lands by foreign corporations. Also, they would not allow for the U.S. to own the rights to Canada's offshore oil and would support the moratorium on development of it. They are only interested in the environment if it is fashionable and furthers public and international relations and brings in money for themselves.

As long as the style of economics and wealth redistribution in this country continues, the government will focus on agreements intended to increase its own wealth as it sees itself as a viable part of the economy and so thereby entitled to a portion of the wealth produced by private activity. It is not as if they are taking a basic amount to invest in health care, housing and education for the benefit of the public. They take over fifty percent of the wealth of Alberta and British Columbia and redistribute it to the Maritimes since they don't have to work and can get welfare payments for up to thirteen years, even longer, while having several children and doing nothing. So we get to work and have to pay for others to sit at home because working at the grocery store, landscaping or taking a job on the oil rigs is too much to ask, when a man or woman can get EI for three to six months of the year and go home after working hard for six months. Ask them to work half the year and it's an insult to them.

It is all interconnected. It comes down to poor leadership. As for oil it is a necessity and while it is possible to cut back on timber and use quarries and recycle, it is not so easy for oil-dependent countries to change their post-industrialist economies overnight. The plan has to include developing countries, address overpopulation, deal with economic issues and set realistic goals.

Answer 5

As long as there are rich, fat bastids running the oil companies, we'll always be paying more than we should for oil. It's time to seriously consider alternative fuels.

Answer 6

If you read further in the scientific area, you'll find that Scientists have predicted the year we're going to run out. It's this century like 2046 or so.