There is plenty of oil. ';Peak oil'; is a myth. No need to worry. It is now known that Canada has more oil than Saudi Arabia.
Also, the U.S. wouldn't have to import a single drop of oil for decades if there were no laws that block drilling off of the West Coast and in parts of the Gulf of Mexico. Vacationers don't like seeing oil rigs when they go to beaches.
Canada was the number one supplier of oil for the last year.
http://www.eia.doe.gov/pub/oil_gas/petro鈥?/a>
Read the best answer for this question and the asker's response for the most information:
';Is it true that without imports, the USA's domestic oil reserves would be exhausted in three years?';
http://answers.yahoo.com/question/index;鈥?/a>With oil reserves peaking and the climate changing, how do you think the next 20 years is going to look?
I don't think we're going to see a climate cataclysm in our lifetimes. That will take 100 years; however I do think we will have more severe and extreme weather patterns, more floods, more hurricanes, more extreme hot and cold
As far as oil reserves are concerned, I feel the price of fuel will rise exponentially and this will further the ambitions of alternate technology of different fuels.
We should have never used petroleum to power vehicles anyway. What is wrong with society?With oil reserves peaking and the climate changing, how do you think the next 20 years is going to look?
Peak oil production has been expcted to occur several times, but the customer's willingness to pay for it has traditionally prevented it. Current estimates for peak oil production tie in some time around 2020. U.S. peak oil production peaked quite a few years ago.
Current price per barrel estimates peg oil at around $200 per barrel within the next five years, and the current price is around $80.
Due to climate change, the Arctic icecap is melting and with it the possibility of finding oil under the Arctic ocean. This will hopefully be developed peacefully, but there are no guarantees. Russia, the U.S. and Canada are likely to be the major players and all three need access to oil.
With regard to changes in the next 20 years I can see much of the U.S. population moving closer to the inner parts of the cities, which is the current situation in much of Europe. Housing prices in the suburbs will decline or remain stable while housing prices in the cities will rise substantially. A lot of this will be due to the high commuting costs inherent in living in the suburbs.
As the climate continues to change we can anticipate massive drought conditions in the south and southwest. Water will become more valuable than oil, and many people will wish to tap into the Great Lakes for its water supply. This is controlled by International Treaty between the U.S. and Canada, and the most likely answer to cities outside the Great Lakes is that your welcome to live near the Great Lakes, versus we would be delighted to pump water so you can water your lawns. Consequently, I can see people moving in mass to the Great Lakes cities, such as Buffalo, Toledo, Chicago and Milwaukee. If pumping were allowed you could literally drain the lakes; only 5% of the water in Lake Michigan-Huron leaves the lake every year and is replaced by rain and snow.
Pretty bleak.that's why I plan on buying a wind turbine next year and why I've already poured two large cement water cisterns on my property.I also have a greenhouse with a hydroponics system.The world is on the edge of a true dark age if there aren't fundamental changes taken.
judging by the NSA wiretapping expansion, the police state of the book 1984
I dare not imagine...
Damn, I heard this question in the 60's, we survived.
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