I had previous learned that we will run out of oil soon. It seems this is not the scientific consensus - it's just that known reserves will run out in about 50 years. In other words, this meme can repeat itself ad nauseam. We should look at every US geopolitical strategy or even statement through this lens. Greenland? Canada? Oil!
Thanks to the improvements in efficiency and price fluctuations that allowed shale oil extraction and the like, as well as new exploration, for all intents and purposes, we still have a basically unlimited amount of oil.
When oil gets expensive, it justifies infrastructure that was previously economically unfeasible and not part of our reserves. And once that infrastructure is in place, the price can still go down and it can sustain itself. Is it really unlimited? Absolutely not. But innovation and economics have stretched what's available to a level of surprising longevity.
At this rate of price fluctuation and investment, in 300 years we will be extracting the oil from your facial pores and still have a "50 year reserve".
It's kinda a neat thing if it wasn't for all the shitty side effects, tbh.
And since BASF already invented methods to revert plastic to oil, if the price is right, we wouldn't even need oil anymore, just trash.
BASF, the ones making my video tapes?
Within weeks we constructed a pipeline
Within years we'll have run the place dry
It'll just about last us our lifetime
So it's hip hip hoorays and high fives
https://genius.com/Kaiser-chiefs-cannons-lyrics
https://m.youtube.com/watch?v=Y9wg4V38p2g
I hope Biden runs again in 2028 to fix this back up.
I hope that's a joke; the elderly shouldn't be in charge.
obama will really break thier minds, if trump runs a 3rd time, so can he.
He might be a zombie by then. It would still be a step up.
The 1980s were another big part of this trend.
Who’s ready to send there kids off to war to die for oil, I mean freedom? 🫲🍊🫱
The Gulf War was about kicking Iraq out of Kuwait, after Iraq invaded. It had a wide support, both worldwide and within the Arab world. Saudi Arabia and Egypt actively participated.
https://en.wikipedia.org/wiki/Gulf_War
Check the coalition drop down.
The 2003 Gulf war was about oil, that's why the US started it in the first place. It was also about defending the souverainity of an invaded country, that's why a lot of countries followed.
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