Because the supply of oil is finite because discovery peaked 30 years ago because demand is still rising because we have already exploited most of the easy-to-drill oil because taxes to discourage greenhouse gases are rising, until we find a replacement for oil, the price will on average continue to rise. What are the implications of that?
- The cost of transportation will discourage the use of aircraft and cars, in favour of ships, trains and public transport.
- Vacation travel by aircraft will be reserved for the upper classes.
- Installing insulation, double glazed windows and heat exchangers will be substantially cheaper than just burning more heating fuel.
- In winter, computers will direct heat to just the parts of the house currently in active use.
- People will keep their homes perhaps 5.0°C (9.0°F) cooler and wear sweaters.
- Cars will get smaller and lighter as they are in Europe where fuel costs are higher.
- Meat, which requires astounding amounts of fossil fuels to produce, will become so expensive that we will tend to use it as a condiment rather than a basic food.
Invest appropriately.~ Roedy (1948-02-04 age:69)