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@realRodster's avatar

If cheap oil was infinite and "super easy to get at", then the USA would not have overthrown Saddam Hussein, stolen Syria's oil, overthrown the Libyan government and so on. In fact dwindling resources are why the USA started a shit-show in Ukraine. It was to weaken and breakup Russia so they could get their oil. Why is this a fact? Because US Senator Lindsey Graham admitted there are trillions of dollars worth of Russian oil they want.

There's a big, big difference between running out of oil and having oil that powers an economy. If we still had massive amounts of oil, then we would not be wasting our time with Shale, Tar Sands and Off-Shore drilling.

Individuals who think oil grows on trees need to understand that it is the "cheap oil" which powers and grows the economy and not just oil. When oil becomes harder to get at, it costs more to extract. When it costs more to extract, the price goes up. When the price goes up, it is passed onto the consumer. When it is passed onto the consumer, the consumer cuts back on other things that grow an economy. When the consumer begins to cutback on purchases because it went towards buying fuel, it takes it away from the economy and the economy begins to go in reverse.

When the economy goes in reverse, demand for oil drops and the price for it on the market drops. When it drops the producers have lower profits vs their investments and have less incentives to extract it.

That's where we are today. We are now at the point where oil is priced too low for the energy producers and too high for the average consumer. That's where finite resources comes into play. You can continue to kick the can down the road but then you risk collapsing your economy, such as Germany, France and other EU nations.

tl;dr We live in a finite world.

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Vepr's avatar

We truly are already in WWIII. It's everyone against everyone..lol

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