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JD Vance gloats that allies are 'suffering more than US' from high gas prices
(www.thelondoneconomic.com)
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this post was submitted on 21 Mar 2026
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Maybe someone smarter than me can chime in... But isn't petrol a finite resource? Shouldn't we be planning our infrastructure for when it eventually runs dry?
A complicated question, but in short, yes, it's finite. The amount is actually far more than we could ever use possibly, but the real limitation is accessibility. As we extract and use up the easier to get oil, it costs more to get the harder to get. At some point we won't be able to get to oil that's there, and what we can get will cost so much that usage will be limited.
In some cases we've still extracted from places that had a low or negative ROI, such as tar sands, because at the time investment was persuaded that it would pay off. Then there's the changes that make hard to get places suddenly an opportunity, as the arctic areas might soon be.
We should be changing not because of supply, but because of what the use of oil does. But we haven't changed in the right direction after decades of saying that.