Well even before the recession, there was forecast to be 70 years of oil remaining in currently discovered reserves, but since then usage has not climbed as fast because of the recession, and manufacturers are coming under increasing pressure to make fuel efficient cars. Plus every now and then they're finding more oil and gas reserves.
Put it all together and I wouldn't be surprised if we're still using oil in 80-100 years time, at which point I'm planning on being firmly dead and my kids may well have expired then too!
However, to answer the question you were really trying to ask, my answer is HYDROGEN POWER. We already have the basics of the technology but little incentive for the oil giants to develop it.
Its already had an impact on me. I used to take the car to the shops. Now I take the van. (someone else is paying for my diesel) When petrol gets to 170 a litre, I doubt Ill be running either of them on a regular basis. maybe limit it to a tank every couple of months.
Once I can actually buy petrol though, they'll be out for the odd blast. even if it gets down to once a month.
Remember back in the early 00's when it used to be about 70c per litre, actually we had Euro then so it was in 2002. Bloody hell ive just done a calculation with how much it would cost me to fill up the JTD from 0 to 60l and at .70c per litre it would cost 42e!! now it costs roughly 85e! twice the price in less than a decade
It's already hit me. I was putting up roughly 700mls. each and every week in the 166, averaging 27-28mpg from the V6.
Then my weekly mileage increased again and went past the 1000mls. per week mark, at which point I just couldn't afford the fuel costs anymore because of both the ever-increasing cost of the fuel itself and the extra mileage I was doing.
And thus the diesel skip came into play, and regretfully I don't get time to ever use the 166 now.
re prices I can remember getting a full tank (50 liters) for 35 punts..... and I could have a feed of pints for 20 punts... AND I could drop my better half home to Carrigaline and go back home in a taxi.. round trip for 10 punts.. 1996 was the year.
I already reached the 100 euros mark, for ~350 miles worth of petrol (I have my right foot in binary mode: full on, or off). I don't drink, don't smoke, don't gamble, don't have kids, so I guess one more trip in Europe (which should it be, the Millau bridge or Øresund?) after the 2 weeks in the Alps soon - then that's it, I give up driving for fun. it will be a sad day.
hydrogen has to be the way to go, top gear did a very good interview with jay leno who made a good argument hydrogen could save the petrol car. Re big oil companies not investing hydrogen isnt a fossil fuel we shouldnt have to rely on oilcompanies to deliver it, all car manufacturers are pumping money into r&d so its the way its gonns go, if oil companies dont get involved they will loose out, and they are too cute for that