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Uh, I wouldn't be selling my fossil fuel vehicles yet if I were you guys.
There is enough oil for another hundred years at least. Much oil is still in the ground because its relatively expensive to drill for it, so we go for the easy fluffer stuff that can be drilled at pennies on the barrel.
The reason the world is in love with oil is because it is cheap as dirt.
Decades before we run out of the stuff, the prices will climb. Suddenly, all kinds of alternatives wil start looking good. Not just coal and natural gas, but solar, wind, etc.
And 30 years from now, nuclear fission. Limitless power from hydrogen and oxygen.
Like cheap porn, cheap oil will eventually die off too but it will be as always a great opporunity for those that perfect the next technology.
In a way, cheap oil is as bad as cheap heroin. It feeds our short term desires, but we'll all be better off when its finally gone.
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