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Oil isn't running out soon. There's tons of oil shale around still, it's just currently cheaper to pump crude than extract from shale. When oil reserves in-ground get tight, more companies will just look toward oil shale as a source. And as more companies look toward it, efficiency will increase in extraction driving the price down for production. This will also strengthen the US economy, as there are many reserves of oil shale right here in the US. This is all assuming that we haven't found newer sources for energy and chemical production by that point.
And the snopes.com article was very accurate about the lack of effectiveness of a one day boycott that lacks any real reduction in buying. Just moving your gas purchases forward or backward one or two days is really insignificant.
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