Cow and Boy Classics by Mark Leiknes for January 29, 2007
January 28, 2007
January 30, 2007
Transcript:
"We're living on borrowed time. The world only has enough oil to fuel our way of life for the next fifty years. What will we do when it all runs out?" "Will we finally put technologies that use clean and renewable resources, like the sun, to greater use?" "Or will we continue to mine and drill, to try and find other burnable, carbon-emitting fuels knowing that the outcome will always be the same?" "I bet you 5 bucks we melt the ice caps and flood the earth ten years before the oil runs out." "I'm not betting 5 bucks on the apocalypse." "10 bucks?"
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.