based on reasonable expert opinions we should be just fine. we are drilling oil in much much deeper parts of the ocean, and for many other reasons we should never reach a point of catastrophy.
I wish I had a better explanation, but this months popular mechanics magazine has a great article on deep sea drilling, and why and how we will mitigate any problems with shortages in supply.
it was interesting , one prominent university professor predicated some dooms day year, and it was debunked by various experts from different backgrounds.
"In three years' time, 20 typical households will generate more traffic than the entire Internet today."
it's like 1998 all over again, isn't it? A decade ago the world was going to end because all computers WERE going to crash, guarantied. Not the internet is going to crash. WTF?it could be said that getting rid of AT&T would solve the problem. Eliminate a company that uses a good chunk of the bandwidth in the world & you have that bandwidth free. Cell phones & the like use up a good chunk ya know.
About the oil thing. We are not currently drilling in all available known oil sites, let alone the locations we have not yet discovered. Advanced refining techniques to make "dirty crude" useful are only a couple years from economic feasability. Other technologies like extracting oil from shale are also well on their way.
Related topics but conflicts of interest and general ignorance to the concepts of econimics, governmental influence, and the future productivity don't exactly factor into the scientific method.
(click for larger version)I suggest we go place a little asterisk on Hubbert's tomb stone explaining how useless the scientific method was because he was generally ignorant of economics, governmental influence, and future productivity.