[Bloody Sam Roberts]

I'm old enough to remember the gas lines back in the '70s.

As am I.

Which brings to mind a question:
What happened to the "Oil Shortage"?

You know...all the brouhaha about how we were running out of oil?

Do you suppose that the dirty little secret of the oil companies is that crude oil is a renewable resource? Carbon, pressure and time create diamonds and the world doesn't seem to run out of those.
Organic matter, pressure and time creates oil. Do you suppose that the vast scientific research resources available to these oil companies has discovered something that they'd just rather not have everyone know? It would destroy their margins.
Just speculatin'.

[RHINO369]

"Do you suppose that the dirty little secret of the oil companies is that crude oil is a renewable resource? Carbon, pressure and time create diamonds and the world doesn't seem to run out of those.
Organic matter, pressure and time creates oil. Do you suppose that the vast scientific research resources available to these oil companies has discovered something that they'd just rather not have everyone know? It would destroy their margins.
Just speculatin'."

Sorry but oil is not a renewable resource. Oil is produced so slowly by the Earth that we go threw thousands of years worth of oil every year. The oil in the ground has been here for millions of years.

We still have enough oil for a long time. The reason oil prices are high is because people are scared about oil so the market price is higher, OPEC controls oil output thus raising the price, some of the best wells are running out and we need to find new ones, yet our government refuses to let us do it here.

[Sam Gamgee]

Renewable isn't the same thing as being free. The cost of extracting oil is getting more and more expensive as companies have to drill deeper and deeper to get at it.

[Rte66]

Except that the geologic ages, epochs and eras when the sediments were laid down and the right organic compounds were abundant in the right places are long gone, by about 2 mllion years at the most recent.