babyfacemagee

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

Actually, bodie...and others... considering the world p0pulation is expected to nearly double over the next 30-40 years, oil consumption most likely will actually increase, not decrease. Sure alternative fuels and the movement towards 'green' sources will help, but it's not gonna make up for an additional 4-5 billion people in the world. No way.