Relic37

Is Oil a Bubble? Part 3

Here is what I see...billions and billions of dollars of infrastructure in the USA known as "streets, roads, and highways" built exclusively for motorized transportation. This motorized transportation is almost exclusively powered by oil, in one of its refined states. These roads are not going away, regardless of the success of alternative fuels such as solar, nuclear, etc. There will still be vehicles, predominantly powered by oil, traveling these surfaces for at least another century. Hydrogen power may someday be feasible. Electric cars may reach practicality. Heck, we might even put sails on the roofs and grab some wind power. But cars, trucks, and buses (not to mention fire engines and ambulances) are here for the long haul. And we are going to HAVE to have sufficient oil for these things. Alternate energy sources will best work for powering the electricity grid for powering factories and heating and cooling our homes. Nuclear will have to play a part here, regardless of what Congress thinks. Unless they want to hold their sessions in the dark.