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<blockquote data-quote="brett636" data-source="post: 1277127" data-attributes="member: 249"><p>The year for peak oil has come and gone many times ever since it was first predicted to occur in the late 70s based on what we knew about oil reserves in the 50s. The bottom line is that we may one day run out of oil as its existence is finite, but as anyone in the oil business will tell you things change. We make new strides in technology making oil that was once impossible to reach within reach. I believe this will hold true for the remainder of our lifetimes and well beyond. Once we can no longer pump oil out of the ground, if we ever reach that point as a civilization, we will find ways to synthesize it or replace it with another similar energy source. That is the wonder of the free market in my opinion, and that is once a fuel source like oil becomes too expensive to reach we find ways to make it less expensive or we switch to something new. The only thing holding us back is ourselves. There are many more compelling issues facing this company than the lack of oil. My personal belief is that problem is such a far way off that it simply isn't worth planning for yet.</p></blockquote><p></p>
[QUOTE="brett636, post: 1277127, member: 249"] The year for peak oil has come and gone many times ever since it was first predicted to occur in the late 70s based on what we knew about oil reserves in the 50s. The bottom line is that we may one day run out of oil as its existence is finite, but as anyone in the oil business will tell you things change. We make new strides in technology making oil that was once impossible to reach within reach. I believe this will hold true for the remainder of our lifetimes and well beyond. Once we can no longer pump oil out of the ground, if we ever reach that point as a civilization, we will find ways to synthesize it or replace it with another similar energy source. That is the wonder of the free market in my opinion, and that is once a fuel source like oil becomes too expensive to reach we find ways to make it less expensive or we switch to something new. The only thing holding us back is ourselves. There are many more compelling issues facing this company than the lack of oil. My personal belief is that problem is such a far way off that it simply isn't worth planning for yet. [/QUOTE]
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