According to the article We Will Never Run out of Oil, it is talking about the oil supply and how it is not suppose to last more than a few decades. According to Mike Moffatt he thinks that is a false statement. The reason for this is because there is plenty of oil in the grounds. Even if it comes down to completely running out of oil he makes a good statement, that people will find other means of transportation, if it is ridding a bike, carpooling, finding more economic cars, or cars that run on alternative fuel. It is the basic principle of economics which is supply and demand. If the supply is short and the price goes up then the demand will go down. I would have to agree with I really don’t think that we will run out of oil, but if we do then there will be alternative choices because we live in a world with smart people that something will be invented to take the place of oil for our cars to run. What do you think about the oil situation?

Dr. Tufte said...: It's heresy to say things like this in certain groups, but it is true.

Can you name any resource that we ever ran out of? Any?

Sheik Yamani, the head of OPEC in its glory days made the salient observation that the stone age didn't end for lack of stones. We simply don't stop using resources because we run out of them - humans are not locusts. We stop using resources because we find other more useful things.; 3:14 PM

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