We all know the OIL will run out someday. I've always assumed it would be a slow decline and as prices rose, we would have time to develope alternates. But what if OIL companies/The Saudis are lying about both the size of their reserves and the ability to increase production to match demand?
What if we SUDDENLY find outselves in the middle of an OIL shortage?
When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.
I sincerely hope Kerry's call to develope alternate engery sources is more than just the window dressing it has been for every President since Carter.