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Old 04-09-2008, 12:10 AM   #41
djnemo65
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Re: Understanding the Issues 2008: Energy

Quote:
Originally Posted by FRPLG View Post
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.
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