Quote:
Originally Posted by joeydb
It is absolutely that black and white in the near term. A sudden decrease in the supply of oil will cause an equally sudden rise in the price, since the demand is relatively constant. That demand is of course due to the fact that our cars are designed to run on gasoline, and that form of demand will take quite a while to change, even when a viable alternative is available. It is not currently available.
Over the long term, probably decades, yeah, there is likely to be a superior fuel alternative in most regards, and will render oil-based fuels obsolete. But we have a long way to go to get there, and it starts with an invention or discovery that government action cannot accelerate.
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In 10 years or so Iranian sponsored nukes will be blowing up all over the world anyway so it really a moot point...