[quote=Ricechex]energy/oil is running out. If it was so abundant, then why would we be discussing it so much?[/quote]
The reason we are talking about it is – if nobody does anything, it’ll be a problem.
To me, it is kind of like the Y2K problem. Had nobody done anything, it would have been a disaster. However, pretty much everybody took time to upgrade their systems to use a 4-digit year and the effect of the issue was limited.
Certainly, we will run out of oil, but I don’t see it as a problem that will sneak up on us and cause global anihilation. We will have adequate time to let ecomomics and technology do what is necessary.
Since there is profit to be had for those who can find solutions, I have faith that solutions will emerge.
Certainly guys like the CEO mentioned above aren’t going to sit and watch their revenue stream disappear. They will continue to stay in the energy/natural resource business by providing solutions.
Lots of investors and entrepreneurs will kiss alot of frogs before finding a prince, but I susprect princes will emerge to avoid major lifestyle changes.
