The end of cheap oil is what I fear. If it weren't for OPEC (who we only can guess at how much oil reserves they have), and our subsidizing the military to secure the flow of that cheap oil, we would have a problem. I will pay $6-$10/gallon for gas, but will have to drastically reduce my spending in other areas. As will many other people. And it will create economic hardship across the country very similar to what the $4/gas did last summer.
We may be a few years off from that though. There are 30 billion barrels (4 years world wide) at the north pole, which may be recoverable if the ice cap melts, although not pleasant for the workers up there. There is ANWR, which should be kept as a reserve so when the world drys up, we still can pump some.
And there is always the chance that something major like 'cold fusion' or radiation batteries will be invented that will remove the need for 70%+ of the oil.
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How about this, lets all declare global warming a myth and then go and convert to clean energy anyway, because maybe, just maybe, we could stop polluting our streams, rivers and lakes.
Even if global warming is a complete and total fabrication, polluting our land and water IS NOT.
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I saw thisa few day ago on-line, and I agree with it. There is so much crap in the air and water that shouldn't be there, it is the major problem. And yes, I view CO2 as a pollutant because I can't breathe it. The bad thing is that there are way too many people on the planet using up too many CO2->O2 converting plants and trees to keep up.
The Earth doesn't care if it warms up by 10 degrees (natural or man-made), the humans living in certain areas will. The thing we need to focus on is how to ensure that people will still have clean water and be able to grow food if the glaciers and aquifers dry up.