Understanding the Issues 2008: Energy

[djnemo65]

Originally Posted by FRPLG

Theoretically though economics would say that as thise "day of reckoning" approaches the costs of oil will become untenable driving a major movement towards alternative fuel.

Yeah I agree and that's what is likely to happen. The problem is that we will have a painful adjustment period while we try to figure things out. And I don't mean painful as in having to eat out less, I mean major global instability. That's the worst case scenario, but I don't think an implausible one. It's not as if countries have never gone to war over oil before.