Someone cast Wolven Winter on New Orleans!

[chrispedersen]

The problem here is manifold.

- By the time your 10 year test is done, the world will be either destabilizing over direct supply/demand issues for oil, or will be near that point anyways, due to rate of oil field depletion, and increasing world population needs.

Why do you suppose the world doesn't destabilize over, say, platinum? Or paladium, or uranium? What is it specifically about oil that makes it so inherently destabilizing?

Secondly, while I do agree that a tipping point for total oil production has been reached, I don't agree with the concept of world population needs.

Demand for any commodity is elastic. As price goes up, other alternatives become more attractive. Spurring the development of other alternatives. Free market economy in action.