Friday, December 18, 2009

What would you do if all oil reserves were depleted?

With gas prices skyrocketing how are we to afford heating our home?What would you do if all oil reserves were depleted?
Wood stove and solar panels, grow your own vegetables and herbal medicines. become self sufficient. read more books.What would you do if all oil reserves were depleted?
I would simply burn something else. I already do to heat my home (natural gas).





Gas prices are not that high.
The same way people did before oil furnaces- wood and coal. Now we have the advantages of solar designs that can make up a good part of a houses heating requirements along with better insulation. Then there's always electric from hydro, nuclear and wind. I myself have 80 acres of woodlot that is in desperate need of thinning. I'll sell pretty much anyone wood that needs it- at the right price. When I'm too lazy to load the stove with wood, I put on a coat.
burn horse cookies?
Pray for Divine Intervention.
Arguably, its impossible for oil reserves to be exhausted. Simply, as oil approaches depletion, its rarity will drive up its value, to perhaps $1,000 a barrel. With oil 10x current prices, its only uses would be pharmaceutical; we would not use oil for cars or heating. Although demand for oil is certainly inelastic, it is not perfectly inelastic.





The increasing price of oil as depletion continues may well be a good thing. Although oil shocks can cause inflation and other economic ills, high oil prices are spur development of alternative energy sources. With oil being so expensive, consumers will be willing to pay more for alternatives or substitutes, driving the profitability of alternative energy research up and hopefully creating a solution.





Oil probably will not deplete, but there are some indications that it has peaked. I strongly recommend you read the wikipedia article on Peak Oil. http://en.wikipedia.org/wiki/Peak_oil
Burn Wood.
We'd be forced to make the choices we SHOULD be making now.





Also, please do not believe everything you read on Wikipedia....it's an OPEN encyclopedia...meaning that the Average Joe can add to it, edit it, and delete certain parts of it....just something to think about.
the answer is simple...solar cells,wind energy, and other eco friendly sources can be used...but the problem is how to implement them??...yes they can be implemented but the superpowers like usa ...hav there major economy depended on oil......so it will take some time....but it has to happen.....there is on other option left...
use cooking oil
It's not going to happen in our lifetime. Besides, there's alternative such as waste oil, bio fuel, etc.





I think there's plenty of oil and gas -- I think they make up stories about it running low just so they can raise the prices. How would any of us know otherwise?

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