So what will happen to the oil companies when the US stops using oil?
117626
They will end up trying to sell their oil on Ebay :)
582202
Probably a hundered more...Until the oil is finished and theres no more people living in those countries.
339083
About Bush about the oil he know. And one questions what happens to oil banks after they are finish with all the oil, do they leave the big holes empty??
1064285
Nothing. They're not the first nor will they be the last, unfortunately. One of the guys "Menchaca" is from my home-town. I'm very upset about it but what can the military do? They're following Bush's orders. To think it's all for the oil.
782255
If there are, they'd probably be very small companies.\n\nCitgo is owned by the Venezuelan government.  BP Amoco is basically the British government now.\n\nEven the publicly held gas companies that are listed on the New York Stock Exchange are owned by so many investors that they can be termed American because they have corporate headquarters in America, but they may be owned by individuals in any number of companies.\n\nAnd there can't be any gas companies that still get all of their oil from America, as America doesn't produce enough gas to come close to providing enough of a supply.  Americans who import from the middle east aren't a lot different from Britons who import from the middle east.\n\nForeclosureFish\nhttp://www.foreclosurefish.com/
500382
Your mistake is basic: you're presuming that the oil in the ground belongs to America.  It doesn't.  It belongs to ExxonMobil, BP, etc.  Think they'd want to lower profits to benefit us?  HAHAHAHAHAHAHA
103003
There will be other energies. Only way we will run out of them is if the powers that control them (Oil men in many countries) say to. "Fossil" fuels themselves may not even be quite what we think they are.
1156512
In 20 years there will be only 3 places that you can get oil from; Saudi Arabia, Kuwait, and Alaska, U.S.A (not yet dugged up).  Within a next 50 those will be used up aswell.
646995
Not in the next 50 years.  Ever since we started using oil commentators have been saying it's about to run out.
797611
Big oil will do anything to stifle new energies. Corruption, pay-offs, bribes to Congressmen, etc.\n\nThe need for new energy sources are increasing by the day.
534321
We should do whatever it takes to end our dependance on foreign oil and then share the technology with other oil consuming countries so that oil becomes worthless.
409202
no, the more we war with the middle east, the higher prices are gonna go. south america is laughing because they arent gonna sell to us either. we are alienating ourselves. by this, we'll choke off any oil contacts & grind our production, tranportation & economy to a halt. uk isnt gonna back us anymore, we lost any european alies with the last iraq campaign, the saudis have other customers & dont necesarilly need us & irael has always sabbotaged usa, obviously not our friend. we have 20 years of oil at best here at home. china & russia wont buddy up. who do we have left. we're wedging ourselves into a position of having to attack & steal. yeh, the global economy will change in the near future, for the worst.
318704
Only if you are the country that is sanctioned. over all the world economy is able to absorb enough of the lost produces.  well except when it comes to Oil.
88647
We will never run out of oil, economics ensures that is the case. As oil becomes harder to get prices will increase, as the price increases people will use less oil. As a result there will always be oil in the ground, there will just be so few people using it that it won’t be worth pumping out.\n\nNobody with any knowledge of the subject has ever suggested that oil will ever run out. That is one point that all sides agree on. The only question is  how much more expensive it will get and how fast.
967853
Alternative fuels and they will call the oil industry into Congress again for a "stern talking to..." not that it will help.  Oil industry rises and falls on the price of oil, plain and simple.
425194
Global oil production is about to peak.  Supply will go down, demand up.  This equals economic ruin.  It is easier to kill others on far away soil for oil, than it is to ask Americans to consume less.\n\nBush's agenda:  secure oil so Americans can continue to be obese SUV drivers while the rest of the world fights for the scraps.  Do this at all costs.  "Our way of life is not negotiable." G.W.Bush
1029305
It depends on who you ask.  In the United States it depends on whether you are a Republican or a democrat,  a neo-conservative or a liberal.  Both parties are irrelevant as this is a scientific question. \nIf you listen to UK based Colin Campbell, oil will peak around 2016.  Keep in mind that you must consider middle east oil producers, and countries outside of the middle east, which are expected to peak a lot sooner.  However, the US Geological Survey paints an extremely Rosy picture, with oil production most likely to peak around 2040.  I would say it has a built in optimism since it doesn't factor in geopolitical events.  It also depends on the amount of conservation and alternative energy sources being developed and utilized by the world.  This will also effect production.  You can find this data in the June 2004 issue of the National Geographic Magazine.  US president George Bush plans to stay in iraq until 2016.  Coincidence?