Canadian_Mind Canadian_Mind:
I got an issue with if we use all our oil up before we use theirs, then we're reliant on them without choice. Atleast if we use all theirs up, they will be on our leash in 25-50 years instead of us on theirs.
That's not an issue.
There are currently about 180 billion barrels recoverable today, and production is around 1.5 million barrels a day. At that pace, it'll run out in about 350 years. Even if they get it up to 5 million barrels a day as planned by 2025, it'll still be around for another 120 years or so. And as long as oil is a primary energy source in the West, R&D will find ways to get at even more - there are about 1 trillion barrels of oil estimated in the oil sands right now - only 180 billion is currently recoverable. So it'll be a long time before the oil sands run out.
My bet is that the Saudis will run out of oil long before us (because it's easier to recover and they've been pumping it for far longer than we have the oil sands).