Crude oil makes everything in the world happen. All the food that is grown on farms rely on fertilizers. These same fertilizers cannot be made without petroleum. Huge semi-trucks, that burn petroleum, bring the food to the supermarkets to be sold. Without cheap crude oil, gas prices are going to skyrocket and the shipping cost of food is going to be expensive. This cost will be pasted down to the consumer.
Can anybody guess what will happen when gas prices start to become 10 bucks a gallon? Economies will become cripple. People will not be able to afford to drive downtown from their sub-urban home. Gas is most likely going to have to be rationed.
Also, without cheap crude oil, energy prices are going to surge and rolling black-outs will occur. I seriously don't know why the United States is not fighting the up coming energy problem fiercely.
Alternative energy solutions on a huge scale need to be implemented. This issue is a lot more important than Iraq.
This article is only one aspect of the whole oil depletion issue. Take a look.
http://news.bbc.co.uk/2/hi/business/3777413.stm
What do you all think about the upcoming energy crisis?
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2 comments:
Again, Alex, this is one big slippery slope fallacy.
Estimates by the government and the oil companies suggest the available reserves (that they can make a profit off of) will last us about six months. And it'll damage the environment to extract them.
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