The Coming Fuel Crisis Our entire society is built on readily available and affordable gasoline and diesel fuel. Dr. Andrew A. Frank, of the University of California Davis, shares his views on the coming fuel crisis. It is all about supply and demand. Duration: 92 sec Date: Dec 19, 2007

Ultimately, we're going to run into an energy problem.Ultimately we're going to start running out of fuel.If you really think about it in a global point of viewthe earth is finiteand there's only so much oil in it.We've been pumping that oil outat a pretty fantastic rate.Every well that we find, every source of oil that we findwe quickly deplete, and what has happened over the last ten or fifteen yearsis the number of holes we have to drill to find a new oil fieldhas gone up, and up, and up, and up.We're reaching the point wherewe're drilling ten holes for one well.So we are approaching the peakand I could see even twenty years agothat the United Stateshad reached the peak of oil production.Worldwide, we're still at a peak.We're making a lot of oil.What happened to the United Statesis going to happen worldwide.Three years, four years, five years, ten yearsbut no more than ten or fifteen yearsat the most.We've structured our whole societyon gasoline, and diesel fuel.When we reach that peakwhat's going to happen?The price is just going to go out the roof.If we're not preparedit will be economic destructionof this country.That's the real problem!Endependence.info