Actually they have been predicting the oil will run out in the next 50 years since they first found oil.
Given a chance the free market will work. As oil becomes more scarce prices will go up. More people will drill for more oil where it is more costly to get since what they sale it for goes up. Soon people do to cost will look for other means that are cheaper produced and more profitable.
Actually they have been predicting the oil will run out in the next 50 years since they first found oil.
Given a chance the free market will work. As oil becomes more scarce prices will go up. More people will drill for more oil where it is more costly to get since what they sale it for goes up. Soon people do to cost will look for other means that are cheaper produced and more profitable.