In article , Tom Sixkiller wrote:
Reserves (from the time) and known resources are much higher than what we're
extracting.

I think the point is not that we are about to run out of oil, but we're
going to run out of *cheap* oil.

Necessity being the mother of invention will mean that as the *cheap*
oil all disappears, new technologies will become economically viable
(biodiesels, renewable sources, energy from agricultural waste) that
aren't at the moment because oil is so much cheaper.

In our urban society, the threads are intricately woven, so even those
of us who don't fly or don't drive will see the cost of living increase
for a while. We'll survive, but it might not be all milk and honey for a
few years whilst we get used not to the lack of oil, but the lack of
cheap oil.

--
Dylan Smith, Castletown, Isle of Man
Flying: http://www.dylansmith.net
Frontier Elite Universe: http://www.alioth.net
"Maintain thine airspeed, lest the ground come up and smite thee"