I don't know about this anymore. There is another thread in the Knowledge forum about this (
http://www.tfproject.org/tfp/showthr...threadid=55386 ) that has a lot of good information about this. Particularly this article
http://www.cato.org/pubs/regulation...7n1/v27n1-1.pdf which seems to provide a different and also very realistic perspective about things.
I agree that this is in fact a non-renewable resource, and eventually we do need to find an alternative source of energy to rely on. But I think in this case the 10 year doomsday prediction may be a bit of "the sky is falling" rather than looking at all the angles. I can see things getting more expensive as the cost of finding new oil increases. But also we are developing better technology to have access to that harder to get to oil. I dont think things are as bad as some seem to believe, but I also dont think things are all OK and it is a problem that can be ignored. We as a race do need to find a better source of energy (renewable would be the best) that we can rely on rather than oil.