there is no earthly reason for this to occur, outside of global upheaval.
Proven reserves are adequate to last perhaps a thousand years.
if increasing demand doesn't get the oil where it is needed, it will only be because the market mechanism was impeded by either a terrorist or political act.
there is no earthly reason for this to occur, outside of global upheaval.
It has nothing whatsoever to do with reserves, and I said nothing such. What you're saying is, regardless of the fact that the dollar has shed near 30% of its value versus most currencies and precious metals and is being pumped out furiously, that the OPEC nations will continue to accept near the exact same amount of them for a barrel of oil. Thats really magnanamous of them in light of the fact that all of the other neat stuff they turn around and buy with those dollars will cost them 30% more...