What speedevil said.
We in the UK can look forward to rolling blackouts and brownouts in the next 5 to 10 years though. That'll be fun.
(Me, I'm not... in any way intoxicated, Thu 25 Apr 2013, 17:13, 1 reply)

also you've got to take into account
the energy cost of oil. If it takes more energy to extract the oil than you'd produce by burning it, it won't be worth extracting anymore no matter how high its price goes. (At least not for energy production anyway, you might still want it to make plastics.)

This is interesting:
www.theworld.org/2012/11/the-energy-costs-of-oil-production/
For oil from tar sands, the energy payoff is already down to 5 to 1.
( Moon Girl Technologies horrendous beanbag, Thu 25 Apr 2013, 17:36, closed)

Personally I think we need nuclear for power.
Then we an use the oil for rubber and the like.
The problem is the UK needed nuclear about 10 years ago, now we're reliant upon shipments of gas to feed an infrastructure that won't be able to cover our energy needs in the next decade.
(Me, I'm not... in any way intoxicated, Thu 25 Apr 2013, 17:42, closed)

we certainly need something new,
but nuclear fission is still kind of dodgy, for various reasons that we don't want certain other countries doing it. But Iran must want to do it for a reason, even though they're a major oil producing country.
( Moon Girl Technologies horrendous beanbag, Thu 25 Apr 2013, 17:48, closed)

Iran knows that we're itching to invade and fuck them,
to get their oil stocks.
(Pookie Bear had some very shiny foez, Thu 25 Apr 2013, 19:38, closed)