so lets see.
there was the arab oil embargo in 73, 74 i think.
then in 78 they said there was an oil shortage. i started driving in 79. i remember sitting in lines a couple blocks long to get to the gas pumps. apparently there wasn't much of a shortage, seeing as we still have plenty. or could it be that oil is not a limited resource?
the technology out there, the oil companies, and producers know their time of massive incomes is limited. it's only a matter of time before a viable alternative source is found, and they;ll be out on their asses. they're gettin while the gettin's good.