Being dependent upon a nonrenewable resource which production is controlled by unstable, unfriendly govts for over 100 years is ridiculous in today’s fast-moving technological age.
“Being dependent upon a nonrenewable resource which production is controlled by unstable, unfriendly govts for over 100 years is ridiculous in today’s fast-moving technological age.”
As soon as that fast-moving technology produces energy/fuel as cheap as oil, oil will start to lose market share and disappear as a fuel. Of course, 25% of oil use is non-fuel in nature, so there will be demand for oil for quite some time yet.
Apparently renewability is not relevant to oil, not in this century. It keeps increasing. Dependence on ME sources is our own masochistic fault and if we ever determine that we need to produce our own oil we will. There are many more fields off our coasts and in Alaska, not to mention the tar sands already in production in Canada and the shale in Colorado and Utah that will be in production. There is also a tremendous amount of shale in Venezuela that we can get when we decide we need it.