"Human endeavor and thinking will overcome these supposed insurmountable problems. AND WHY ? Because there will be money in it for someone thats why."
You've hit the nail on the head. AT current prices there are many viable alternatives to oil. The only thing delaying its replacement is the possibility that high prices may not last and the time it takes to roll out new technology. But if oil stays at these levels for too long and production looks unlikely to meet future demand - it will be replaced. It may happen gradually but we're not going to enter some sort of dark ages.
what if petrol hits 2 dollars, page-32
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$61.65 |
Change
0.450(0.74%) |
Mkt cap ! $11.95B | |||
| Open | High | Low | Value | Volume |
| $61.42 | $61.65 | $61.26 | $21.65M | 351.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 363 | $61.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.65 | 397 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |