How sad, bye bye muscle cars of the future.

[69_500]

So how many people on here buy into the whole theory that "Oil" is a limited natural resource? Anyone ever sit back and think of where the largest deposit of "Oil" is in the world?

The Middle east.

And what is "Oil"? Decaying fossil fuel.

Where in history do they say that the human civilization began?

Thats right the Middle East.

Over the course of history, where have the majority of the major wars taken place?

Thats right the Middle East.

Have the wars in that area ever ceased?

NOPE.

So isn't there a never ending supply of new bodies being added to the soil that will eventually become fossil fuels themselves?

[Mike DC]

Yeah, the oil is gonna replenish itself eventually. 

But the process takes so long that it's irrelevant.  With the oil/coal we're using right now, the continents were in different places the last time those plants/animals were alive.  This stuff is so useful to us because it's millions of years' worth of stored power that we can use in an instant.

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I know the shale oil/tar sands are being commercialized more lately because of the sustained price increases of oil. 
I'm just saying that the ultimate amount of oil in Canada (and the US for that matter) is very deceptive because of the issue. 

All shale oil is not created equal either.  There isn't one single tipping point when all of it switches over to being commercially viable.  It's a rolling thing.  Oil could hit $200/barrel and we'd still be leaving a ton of that stuff in the ground.