Ok, German technological advances during WWII have often been vastly exaggerated. Yes, they were using synthetic rubber/oil/fuel, coal converted fuel, working on a Nuclear Weapon. We also made a lot of advances. Other than the rocket technology with Warner Von Bruin, who made rockets for us after the war, its impact was exaggerated. Most of German Oil came from conventional sources, NOT unconventional.
Oil only lasting 30 years, as a child I had text books in elementary school stating that oil reserves would be completely expended by 1980, 4 years away at that time. Hmmm, I'm a little skeptical about these claims of running out of oil, advances in technology continue to find new reserves and find ways of extracting oil that was considered unrecoverable in the past.
IMO, the free market is the engine that will drive our energy supplies.
If oil becomes more scarce, it will become more expensive (supply vs demand), the greater cost will drive the recovery of more expensive oil that was considered impractical/cost prohibited in the past. As well, it will drive alternative fuel development and supply. You don't think private investment won't be available for a viable alternative that can be brought to market as an alternative to $6 a gallon gasoline? You'd make a fortune overnight.
Not against some government funded research to perhaps speed the process along abit, BUT, this is a slippery slope, government provided alternatives will be driven by politics, NOT the free market. This is how we ended up with ethanol that is far more expensive than gasoline, but is subsidized by us tax payers so that it can be required by law to be used, and be less effective in it use. :roll:
Our current problem with Oil is arguably the result of government interference in the free markets. If you think "BIG OIL" is ripping you off? Thank the government for creating so many barriers to competition, that they all merged into a few huge companies, with almost no competition. Do the math and find that even at $100 a barrel gasoline should cost $2.00 a gallon. Thank government restrictions on Refineries that create the shortages that drive up prices of refined products. As well, that bottle neck drives up the price from speculators on the market. If there were no bottle necks and speculators, price would probably still be down around $75, maybe even $50 a barrel.
I'm NOT some radical libertarian, that believe the government should DO nothing at all. BUT, there has to be a balance, and if you look close it is way out of whack with the government restrictions and interference imposed that stifle competition, create shortages and drive up prices.
Of course, if you think its all the fault of big evil oil corporations and we can fix it with promises from politicians that they will punish those evil big corporations, and make everything right more BIG Government Solutions, please do everyone a favor, and do NOT vote.