Quote:
Originally Posted by AKA_Monet
The oil cartel will be obsolete in 20-50 years... We will not be using oil anymore. I don't know what else we will be using--but it won't be oil... No matter what the oil companies think...
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Eh, too many products are produced by petroleum for it to just disappear. The only thing that will make oil "obsolete" is if we run out of it.......and nobody knows when that will be, regardless of what "experts" report in the newspaper. As long as crude can be extracted from the ground it will be utilized to a great extent, even if it isn't needed for cars.
Even if it does happen in that time span, it isn't like oil and gas companies will be hurting. There are oceans of natural gas in this country that are just now being explored, thanks in part to things like horizontal/directional drilling, which is a very new technique.