Is there going to be another oil crisis?
446687
It is already here.  But we don't want to change and continue to use gasoline like when it was cheaper.  It will start affecting how we travel and live when the price continue to increase.  We continue to buy these oil from Iran (not our friend) and support their government through our need for oil.
1146179
I would say yes, its very remotely possible.  If the world oil reserves somehow proved to be way, way smaller than anticipated, and we suddenly ran out of petroleum.  That would pretty much change our way of life, probably forever, as most other real energy sources that could keep industry up and running are a good number of years away from being realized.
1077912
There is plenty of oil for years to come.\n\nBut is your question about Canada predicated on the bizarre theory that we invaded Iraq for oil? That is so laughable that you need severe ridicule and degradation for being so gullible or delusional. I'm too tired right now.
1050302
Yes its possible, but will it happen?  No because there is no oil there for us.
326194
Yes we are in a crises! And if something is not done it is only going to get worse. I don't know exactly what needs to be done but Americans need to make a stand against this and say enough is enough. It is all over the news, on the net, talk shows and so on. That suggests to me that something is wrong. I don't know what Americans are going to do. The price of everything has went up and continues to go up. And we are not getting any cost of living increases either. The rich are getting richer and the poor are getting poorer. And no help from the government because they are some of those getting richer over the oil. When Exxon goes above Wal-mart we have a problem.
373802
Eventually, the demand for oil will continue to increase and the supply will continue the decrease.  The only practical solution is to move towards alternative fuel.
480998
They're high.  But I think don't think we're in the "too high" range yet.  That'll probably be this summer and the year after.  We're still around 80% of the all time high for gas compared to the oil crisis we had years ago.
409632
Oil is non-renewable.  So it will run out but NOBODY knows when.
1089171
apresocratic,\nRawk on, man!  I want what you're on...\n\nAdrian,\nYes, there are barriers in the U.S. government that are slowing the transition down.  However, keep in mind that big Oil companies are actually evolving into big Energy companies, buying into whatever will lead our future markets.  Everyone knows Oil is a time bomb waiting to go off and die out.  There's no reason not to encourage alternative fuel sources.\n\nAt the same time, we'll never be 100% off of foreign oil before it's gone, but that doesn't mean we can't get consumption down to a respectable number so that fluctuations in price stop having an immediate impact on our economy.
965674
The global economy is heading into a period called PEAK OIL. This means that we've reached the halfway point in terms of oil production. While there is still roughly 1 trillion barrels of oil left we will enter a period of declining returns. This means that once we reach the peak (nowish, 2010 at the longest) the world will pump out steadily less and less oil every year. This is catastrophic and will shake the foundations of our economy. We need approx 86million B of oil per day. This number gets higher and higher every year as the global economy expands, particularly with the white hot growth and demand from China and India. Pruduction will fall and demand will go up. Prices will skyrocket and there will be shortfalls as the gap widens between the oil available and demand for it. We have already seen the price of oil skyrocket from the low teens a few years back to close to 80. Its happening.\n\nWho will get the oil? The US reached their peak way back in 1970 and have steadily declined since. Now they are importing oil at increasing rates. They are aware of peak oil and need to secure sources for the future. They've done this by force. They are currently building massive military bases in the 2 best areas for oil reserves. (Approx 14 permanent massive bases in Iraq)The middle east, and Afghanistan which is on the doorstep of central asia where massive reserves are located. \n\nThis is why Iraq and Afghanistan were invaded. The US will be able to determine who gets whats left of the most valuable resource on the planet as oil reserves hit a steady decline. The rest is smoke and mirrors.\n\n-could the person that gave me a thumb down. Please post an intelligent rebuttal rather than a thumb down. I'm am shocked at how any educated person could have read what I wrote, then briefly pause in thought before clicking on 'thumb down?!?'
299625
This country needs to start becoming more self sufficient when it comes to oil supplies.  We have vast oil reserves both in Anwar and other places in the USA.  Sooner or later we must lose our dependency on fossil fuels completely but until then we at least need to end our dependency our foreign oil.  We stopped drilling during the 70s because of concerns with the environment.  Our technology has advanced enough now that I am sure we could drill and refine oil with out destroying our country.
766758
It is kinda hard to answer this because it is very opinionated but i think it will be rather soon because of the Oil Crisis. eventually the oil rich contries will be over run but oil hungry nations that haven't prepared for a huge shift such as the loss of oil. Eventually war will break out over it and the allience system will kick in much like WWII.
1171490
So far, there's not enough demand to warrent the extra cost of developing alternative energy sources.  In order to stop using oil (for power) we will need to find cheaper ways of getting alternative energy or become much more motivated to do so.
881664
Yes. Consider "oil supply" or "Oil reserves" if appropriate.\n\ncc
1162730
While the supply of oil is likely to go into a decline within a  decade (some scientists think it already has) there will be many things that will help to extend the supply, so it is unlikely to completely run out for many decades. Some well informed predictions suggest that by 2050 the world will be essentially running on empty, but many things could change over the next 40 years. \nhttp://www.energybulletin.net/primer.php\n\nIt is true that most of the major oil companies have been failing to discover as much new oil each year as they are producing, leaving us currently with falling oil reserves, but the real problem at present is that consumption is growing and has reached a record 83 million barrels of oil per day worldwide. Oil demand is one of the reasons that it is so hard to predict how long our oil supplies will last. When oil reached record high prices in the early 1980's the demand for oil dropped off dramatically. So far, there has been little reduction in demand as a result of the currently high prices in the market. If oil demand drops significantly world oil reserves could last much much longer. \n\nSeveral factors will change the supply of oil as prices increase. Right now many smaller companies are drilling for small oil reserves profitably and successfully. The major oil companies are still ignoring these small reserves as they have difficulty making a return on investment, while the small companies can easily find, produce and profit from 1 million barrel reservoirs. These types of oil reservoirs exist all over the world within the areas where major oil discoveries have been made, but have generally been ignored because these small reservoirs will only produce for a few years and often take more work  to find relative to the size of the discovery than the large fields.  However, many existing oil fields that have been considered depleted are proving to still have a second life in them in the form of these small reserves left behind and missed the first time. These types of reserves are likely to become a major factor in slowing the decline in future years and the oil exploration business may become dominated by small companies that are more agile and creative than the large majors.  \n\nThe other thing to consider is that recovery of oil from a typical oil reservoir is often only about 50% of the oil. If you think about this, it means that it is likely that for the trillion barrels of oil that the world has recovered and consumed, another trillion barrels was left behind. If, and this is a big if that is very much unknown, a new technology is invented that will make it possible to recover this previously 'unrecoverable' oil, the world's oil supply might be extended for many more years. Some techniques already exist to do secondary recovery and these are likely to utilized much more as oil prices rise.  \n\nAs oil prices rise there is much more incentive to use alternative fuels and energy sources like ethanol, methanol, biodiesel, hydrogen, nuclear, coal, tar sands, oil shale, solar, wind, geothermal, hydroelectric, tidal power, biomass, methane hydrates, etc. Each of these types of energy may start taking up some of the current market for oil and as they begin making larger and larger contributions to the energy mix, there will be less demand for oil, stretching out the decline curve even further.\n\nIf you want to keep up with changes and events related to energy production and peak oil I suggest the following web page:\nhttp://www.energybulletin.net/news.php?cat=64  \n\nThe one thing you can be sure of, if the current demand for oil does not decline, the price of oil in the future is very unlikely to be cheaper because it is very unlikely that we can drill our way out of this supply problem.
277595
Some people claim that oil production peaked within the last year. Even if the supply of oil lasts as many years as you hope, can we count on our leaders to take the necessary steps to cut our dependency on oil before the wells really run dry?
797971
Yes there has.  Due to the falling price of wholesale crude on the international commodities market, OPEC announced an intent to cut back production of crude.  Further, as we head into winter months, heating oils and diesel fuel (for shipping of goods) has a spike in consumption.\n\nWhat this means is the volatility of the crude, fuel, gasoline, and heating oil markets are directly effected by the speculators on the market itself.  What you are seeing is a market response to speculator manipulation of the price.  It has nothing to do with the elections, just brokers and individual investors trying to make a quick buck.\n\nThe best response to this would be a massive investment in the ability of the US market to refine a greater quantity of our imported crude, and to explore even greater quantities of crude from domestic sources.