using up a resource at an increasing rate that we know is finite and will run out in the future [youtube.com]. Flag as Inappropriate
Hooey! We will never run out of oil and other fossil fuels. The market will fix it. It has to. Here's how:
As you "use up" this finite resource, its price will climb. This is natural as it will become harder and harder to extract what is left. Eventually, the price will rise to a point where alternative energy makes sense. It will likely be a combination of wind, solar, hydro, nuclear, and biofuel. It is already happening. As the price of oil spiked, many of these technologies made major leaps forward.
Of course, technology can also help you retrieve more fossil fuels at a lower cost. This, combined with lower global demand for energy, was what cause oil prices to tumble. Fracking increased the supply, demand went down, and the price cratered. Did you notice that when that happened, the US essentially became energy independent? No one EVER thought that could happen again.
The proof of all of this is the energy market for lamp oil in the 19th century. It used to run on whale oil. And we had almost hunted the whales to extinction over it. Ships went out hunting whales for YEARS before coming back to port. And these were wooden ships, not super tankers. Price of whale oil was going out of sight. Then Getty comes along, and figures out that kerosene will work, and that he can drill for it and the problem is solved. Fossil fuels were the answer to that crisis, and the alternative energy that we are researching now will be the answer in the future.
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