Coppermine wrote:Also, the Olduvai Theory is quite interesting. You can read about it here:
It's pretty stuffy so in a nutshell, the theory states that our fuel resources are quickly declining... although production has been increasing steadily, because of population growth in industrializing nations, the oil per capita is in sharp decline.
The theory says that by the year 2025, and with population growth remaining as steady as it is, we will have exhausted our oil supply. Subsequent to that point, civilization will revert to a pre-industrial revolution economy.
This is baseless alarmism, pure and simple. The same theory has been rehashed again and again over the past 120+ years since oil was first 'discovered'/useful. its main failure has always been that it fails to take into account new exploration and advancements in technology that have always led to greater and greater proven reserves and production capability. Those interested should read "The Prize". Fantastic book about the history of oil.