Mr Khan said:
Kasz216 said:
the2real4mafol said:
Oil at least will run out sooner rather than later, why else are we seeing wars over it?
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Well for one... we aren't seeing wars over oil.
At least not since the FIRST Iraq war when Iraq attacked Kuwait... which was also debt focused.
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Nigeria and Cameroon fought two border wars over oil in the 1990s. The Senkaku Islands dispute between China and Japan, or the re-flaming of the dispute over the Falklands is due to possible gas shelves. Granted, neither are wars (yet).
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Fair enough. Arguebaly you could consider the Syrian civil war a war for Oil as well since it seems it's largely being funded and supplied by Qatar who are looking to disrupt a syrian deal with iraq.
Admittidly I was just mostly talking about Iraq. My point is, there really aren't cases of Western nations trying balls out to conquerer what little oil remains or anything like that.
Really, oil is a lot like having some really good icecream in the icebox, you want to make sure it lasts so you eat other stuff to make it last... except... we're living in house with about 30 other people... so your restraint is meaningless as your share will just be devoured by your roomates.
A smart strategy would be to keep using oil, while spending money on research on renewables and geoengineering.
With the US government retaining a share of the patent and gaining royalties from sales of the developed tech.