And this is the real situation. Try as we might we haven't found anything that can replace oil that is as efficient. What if we can't? OK - maybe some will say that that is just too pessimistic but it's not on the horizon yet. What IS though is the fact that demand has outstripped supply, or very nearly, hence the price hike. We have already established that that demand is only going to increase quite radically so what's going to happen to the price? At what point, and how soon, does the cost of oil start to make things that most people can do now, like own a car or take a plane, simply too expensive. Remember that these are the oil big ticket items for many individuals. What about heating oil, plastics, food production costs, just about ANYTHING production costs?Wayward Son:I dunno how big they'll be. Some are happening. Ethanol & bio diesel. though with ethanol i've read that it takes 7 gallons of gas and/or diesel to end up with 8 gallons of ethanol at the pump, so that's not going to be very effective at reducing oil consumption unless that can be seriously improved on.
As for the 'warnings' that some of us are remembering. Well guess what, some of them didn't happen, but some of them DID.
Personally I agree with Andy that it's probably already too late. Still, we COULD buy ourselves a little more time if we so choose to by trying to conserve what we have for as long as possible. That extra time COULD be just what someone needs to actually find a solution. Right now we are behaving like the 30/40 year smoker who hasn't really got seriously ill yet. They all know the guy who smoked 60 a day until in their 80s no problem. Why does that guy always figure more prominently than the thousands who died, had amputations, live on machines etc? Why do humans seem to always perceive things in the best light they can imagine and ignore the most likely outcome?