Known world reserves have increased from 1 trillion to 1.20 trillion barrels in the last 20 years.
Back in the 60's, "experts" said we would run out of oil by the 90's. They were wrong (again).
Oil is not the only means we have of producing energy, but the evniroweenies won't let us build coal and nuclear electrical plants, refineries, or drill for more oil.
The problem is lack of oil on the market, and stable producers that are causing $100/barrel oil, not a shortage of oil. The oil is there, in enormous quantities.
Yes, oil is limited, just like anything else, but we are in no danger of running out anytime soon.
I think it's time to draw a little "interest" from our "savings account", because like a real savings account, it's useless until it gets used....
Saving energy is good, but we still need more energy.."
You can go on a diet to save food, but you still need food....
Point taken. Agree.