Earlier quoted context omitted.
Well, it's kind of obvious that the supplies of oil aren't infinite, isn't it? Is there even a theory that the oil is infinite? The peak oil is about timing and and cost, maybe it didn't happen according to the predictions but it will definitely happen. Besides the environmental concerns it also seems wasteful to burn away the stuff that is used for so many more things. The synthetic stuff is interesting because it m…
The proven oil reserves have steadily increased for the last decade, even as consumption has increased. This means that we are discovering oil faster than we are burning it. The Earth obviously can't have infinite oil, but we don't know how long until we run out, and it's likely well over fifty years from now.
Nope. All this means is that oil is getting more expensive.