And yet the US Oil industry made a profit of over $1.1 Billion last year. So the news isnt all bad..at least for some.
I have heard some theories that the US and China (and perhaps India) could get involved in a shooting war in the Middle East sometime in the next 20-30 years in order to control the precious scraps of oil left in the world. Espically considering the expanding demand for oil by the PRC.
Of course two other things could happen between then to prevent this
1. Hydrogen fuel cells (or some other fuel source) become standardized.
2. We keep scrapping for the little oil left until the Polar icecaps melt flooding half the planet and making the need for oil rather reduntant.
Last edited by mmarsh; April 28th, 2006 at 15:13..