Running out of fossil fuels is a given. We always knew that they were a temporary solution.
AGW is a given. The only unknown are the precise consequences. We're learning more about them every day. At least most of us are.
Did you keep track how often we are supposed to be out of fossil fuel already ? If it`s a given then do tell us to the nearest century when we`ll run out. In all these previous predictions that had us "dried out" already 20 years ago the Chinese were not even part of the equation.
But they have become part of it right around that time and we still got oil.
Not just that we are finding more than it takes to keep going for at least 200 more years even if we factor in the demand growth.
The first thing you would see if we would run out any time sooner is not a drop in oil prices as is happening ever more frequently.
Whenever oil is going up, that`s got nothing to do with oil being in short supply....it`s pegged to the U.S. Dollar which Obama keeps devaluating.
If the U.S. $ were not mere "Fiat" money but backed by any real collateral, then you would have noticed by how much oil prices have gone down in reality...even when compared to other "renewable" commodities.
Again you claim to know something that neither geologists or anyone else knows including oil exporters who keep investing in the infrastructure to bring all that extra oil to the markets.
It`s just another doomsday prophecy and the only thing people like you are doing is to hinder any infrastructure improvements, such as pipelines in order to see an "oil shortage" happening in your lifetime.
When Germany was cut off from the middle east oil fields and what they had access to in Africa it took them less than a year to come up with a process to make synthetic hydrocarbons, polymers, lubricants and everything from synthetic Octane to Cetane (=Diesel & Jet fuel).
Most of our technology had been "confiscated" by the U.S. and the Soviets..and there was a lot more than just the Rockets, Jets etc to it.
That particular process had been handed over to what is now known as Union Carbide and they have used it later and can use it again any time they want to...but why should they do so now while we are awash with oil?