Marsupial
New member
Shipswoofy
Are you sure oil is unsustainable? I remember when it was going to run out in 1960. My findings back in 1991 were that we don’t know; but it probably wont run out – the planet seems to breed the stuff. There is a lot of carbon that we cannot account for, there are lots of “natural” processes we don’t understand and probably many more we don’t even know about. So we can ask the question “is oil a sustainable resource?” but we are nowhere near answering it. The question “will cheap oil run out and oil become economically unsustainable?” is valid and the answer is a resounding yes. There’s lots of the stuff about it just becomes more expensive to get at it. Markets take care of that with or without taxation.
In the end it all depends on what you want to believe, which is where I bow out of the discussion, I never tell anyone what to believe in.
Cheers
David
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Are you sure oil is unsustainable? I remember when it was going to run out in 1960. My findings back in 1991 were that we don’t know; but it probably wont run out – the planet seems to breed the stuff. There is a lot of carbon that we cannot account for, there are lots of “natural” processes we don’t understand and probably many more we don’t even know about. So we can ask the question “is oil a sustainable resource?” but we are nowhere near answering it. The question “will cheap oil run out and oil become economically unsustainable?” is valid and the answer is a resounding yes. There’s lots of the stuff about it just becomes more expensive to get at it. Markets take care of that with or without taxation.
In the end it all depends on what you want to believe, which is where I bow out of the discussion, I never tell anyone what to believe in.
Cheers
David
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