We need cheap energy, not necessarily oil. Without oil there is still nuclear power and other fossil fuels like natural gas and coal.
Oil is the best. Green. Solar Renewable Energy dense Easily stored Transportable
The elixer of life. Want to kill billions of people? Cut off oil
Oil is depleting at a slow enough rate that its price will keep going up. As the price goes up it will be used less and less to power cars and more and more for things that can't be produced through other means, or are more expensive to produce through other means (who knows, like plastics, and lubricants). It's only a disaster if oil is cut off very quickly, like if we are relying on foreign oil and suddenly we are no longer receiving it.
Up till recently price of oil was way down
Massively down when accounting for inflation.
How did you factor that in to your conclusion or did you just ignore the results of fracking and oil shales on the oil industry?
Just do you know. Just so that you can't say that you weren't warned.
There is no alternative to oil. None.
We can't make food without it. No oil. No food. Your food is produced by oil and there is nothing. Not even on the horizon. That can change that fact.
No oil. Earth population goes back to pre industrialization size. Brutally.
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