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However, oil is finite. It is formed by dead organisms billions of years ago. The remains of dead organisms were highly compressed by layers of earth crust. Once used, oil will not be able to regenerate within the recorded history of mankind. This limited amount has led to predictions on when we are going to run out of oil...
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This limited amount has led to predictions on when we are going to run out of oil. Predictions vary base on the different assumptions each authors made. Though, they all concluded that oil will run out eventually. The argument hovers; when is oil going to exhaust?
Matthew Simmons is a strong proponent of the "doomsday" model...
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Is the World Facing an Energy Crisis?
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