It's the law of supply and demand. As the supply of oil runs out, regardless of how much there is to handle current demand, the price is going to steadily go up. Soon enough the oil companies are going to see the writing on the wall : "we only have enough to last us a dozen or so years and that's not counting the increased demand created by growing populations and economies"

They'll want to squeeze as much profit out as they can before their sources dry up.

When people say "there is plenty of oil", and mean it, it just staggers me.

Add to the fact that the vast majority of the oil lays in other countries leaving us at the mercy of their demands for something that America needs.

Every sc...

It's the law of supply and demand. As the supply of oil runs out, regardless of how much there is to handle current demand, the price is going to steadily go up. Soon enough the oil companies are going to see the writing on the wall : "we only have enough to last us a dozen or so years and that's not counting the increased demand created by growing populations and economies"

They'll want to squeeze as much profit out as they can before their sources dry up.

When people say "there is plenty of oil", and mean it, it just staggers me.

Add to the fact that the vast majority of the oil lays in other countries leaving us at the mercy of their demands for something that America needs.

Every scientific survey taken shows that the US does not have enough oil to go it alone. You have a choice of petering it out to to decrease foreign dependency by a percent or 3 or going whole hog and using US oil only and have it run out in a decade or so.

There is plenty available NOW to replace oil - all it takes is getting past the special interest oil groups that keep feeding the public false information and get some companies started that make electric cars, air powered cars, or other designs.

Saying "yeah its tough, but what can we do" only shows a lack of knowledge of the various fields.