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<blockquote data-quote="Jones" data-source="post: 344747" data-attributes="member: 4805"><p>Oil is a non-renewable resource, and as such the price is going to continue to rise. Anybody who tells you different is probably trying to sell you something. We will likely see fluctuations in the short term, but in the long term it's going to continue to become more expensive until it prices itself out of the market and we switch to an alternative energy source.</p><p></p><p>Opening ANWR to drilling is not the real answer, even if we only used the oil reserves there to supply 5% of our current consumption it would all be gone in 12-32 years, depending on who's estimates you use. If consumption increases (as it has every year), or we rely more heavily on it, it would be gone even sooner. In that span though, the oil companies would make upwards of 1 trillion dollars selling it to us, which explains their enthusiasm for the idea.</p><p></p><p><a href="http://en.wikipedia.org/wiki/Peak_oil" target="_blank"><span style="color: Blue"><u>Peak Oil Theory</u></span></a> is interesting.</p></blockquote><p></p>
[QUOTE="Jones, post: 344747, member: 4805"] Oil is a non-renewable resource, and as such the price is going to continue to rise. Anybody who tells you different is probably trying to sell you something. We will likely see fluctuations in the short term, but in the long term it's going to continue to become more expensive until it prices itself out of the market and we switch to an alternative energy source. Opening ANWR to drilling is not the real answer, even if we only used the oil reserves there to supply 5% of our current consumption it would all be gone in 12-32 years, depending on who's estimates you use. If consumption increases (as it has every year), or we rely more heavily on it, it would be gone even sooner. In that span though, the oil companies would make upwards of 1 trillion dollars selling it to us, which explains their enthusiasm for the idea. [URL="http://en.wikipedia.org/wiki/Peak_oil"][COLOR=Blue][U]Peak Oil Theory[/U][/COLOR][/URL] is interesting. [/QUOTE]
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