I think the whole arguement is moot if you make it strictly about oil rather than petrochemical energy as a group. We haven't even begun to tap the earth's reserves of natural gas. Natural gas will be the mitigating factor in the extension of the usable lifespan of oil consumption. I believe it is only a matter of time before we see wholesale conversion of automobiles to run on natural gas. When this happens the reserves of oil can be used alternatively rather than for the production of gasoline. Natural gas will rise in cost and people will begin to seek solar and wind out for heating homes. I expect we will not be out of our petrochemical phase before 2100 AD,
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