Frankly, I suspect that's true.
I have a suspicion that is how hydrocarbons are formed. And that "civilization" won't run out.
And, be that as it may, if demand exceeds supply by as little as 2% there will be big problems as has been pointed out on these pages before.
And there may be only, say, 20% of what we use being formed. After all, in the last 150 years we've been pumping what has taken the lifetime of the Earth to create.
It's an interesting problem.
Oh, yes. The fear element in the price of oil wasn't my idea. It was in an article I read, and the guy, who seemed knowledgeable, said it accounted for about $10 a barrel in the price.
Arf
