We all know petroleum is a non-renewable natural resource of energy that is vital to nearly all industries. How much do we consume? 32% of europes energy is consumed oil. 53% of the middle east... 41% of africa. and 40% of North americas natural energy consumption is oil. Thats a total of 30 billion barrels of oil per year! Infact 24% of all oil consumed in 2004 went to the United States alone. Putting the global warming facts aside with the large amount of C02 emitted into the air, what do we do when the natural resource of oil is consumed? Here are the statistics. "This study placed the prospective life span of oil reserves in the middle east at 88 years, latin america at 37 years and North america at only 16 years! Oil exploration alone will not prevent future shortages of the resource. Resource economists argue that oil prices will rise as demand increases relative to supply, and that this will spur further exploration and development. However, this process will not increase the amount of oil in the ground, but will rather temporarily prolong production as higher prices to make it economical to extract oil that was previously not economically recoverable." 16 years left of oil in the US?! Why is there no concern? Can we at least research to come up with a cheaper way to use renewable energy? From the looks of it, we are goin to be in iraq for the next 88 years stealing oil if we consume at the rate we are going. Hybrid cars right now, are not efficient enough and cant be manufactured on a large scale without a large amount of money. Solar power even costs more than petrolium! So my question to everyone is, what are we going to do? Is it really so easy to just abandon our gas guzzling cars and use electric cars? Is it cheap? Will the profiteers of oil companies like George Bush, even care that this will happen so long as the price of gas will go up and the money still comes in? Will gasoline and large cars be something for only the rich and upper class when supply is almost gone? Will there be a cheap model T type hybrid car for everyone to run on electricity?