First off, I believe in peak oil. Imagine this scenario if you believe it too: The year is 2030. Oil is $500 a barrel and rising exponentially. As a result, the cost of food skyrockets to the point where people start to stock pile it. The FED is helpless, as raising IRs doesn't help this kind of runaway inflation (they don't target it anyway.) Imo nations are putting themselves at extreme risk with their over reliance on oil to power economies. While I do believe in peak oil, I also believe that synthetic biology http://www.elitetrader.com/vb/showthread.php?s=&threadid=199667 will likely be able to create endless (synthetic ) oil at will. Be careful what we wish for. If every one in the world owned a car powered by oil, what would our atmosphere look like? Once again, synthetic biology may come to the rescue. Maybe we will grow synthetic cells that love to feed on CO2, negating the effects of burning hydrocarbons. Be careful what we wish for. We are rapidly going through natural resources as more and more people on the planet become middle class. What happens when all these people start to want bigger houses, more kids, better schools, in other words, what happens when the entire world becomes like the US with a population of 25 billion people, with a mean lifespan of 120 years? The more I read Marx, the more inevitable it all seems.