DesertFalcon
Member since 1999
- Joined
- Nov 26, 2001
- Posts
- 286
Have some of you heard of the term, "Peak Oil?" The World's oil supply has recently peaked; in other words we are at the halfway point.
We have taken out half of all the known oil available on the planet. From this point on, the oil will become more and more difficult to retrieve. The demand for oil is rising exponentially. The U.S. Japan, The EU, China, India are all growing and demanding more oil. The price of oil is NOT going to stay down!
It is my guess, that within the next five years we will see $10.00 per gallon gas at your local gas station.
We can only hope and pray that our civilization won't wait too long to transition to the next energy technology.
Hopefully, they will release some of those reverse engineered, Area 51 technologies to save the day?
We have taken out half of all the known oil available on the planet. From this point on, the oil will become more and more difficult to retrieve. The demand for oil is rising exponentially. The U.S. Japan, The EU, China, India are all growing and demanding more oil. The price of oil is NOT going to stay down!
It is my guess, that within the next five years we will see $10.00 per gallon gas at your local gas station.
We can only hope and pray that our civilization won't wait too long to transition to the next energy technology.
Hopefully, they will release some of those reverse engineered, Area 51 technologies to save the day?