# Gore Wins Nobel Peace Prize

**URL:** <https://forums.speedlife.net/t/gore-wins-nobel-peace-prize/193001>\
**Category:** PittSpeed Off Topic\
**Created:** [October 12, 2007, 6:23am UTC](https://forums.speedlife.net/t/gore-wins-nobel-peace-prize/193001 "2007-10-12T06:23:32Z")\
**Posts on this page:** 1\
**Showing post:** 127

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**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\
**Post date:** [October 15, 2007, 2:27pm UTC](https://forums.speedlife.net/t/gore-wins-nobel-peace-prize/193001/127 "2007-10-15T14:27:01Z")

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> [@Lifetime powertrain warranty](https://forums.speedlife.net/t/lifetime-powertrain-warranty/32999/23):
>
> You’re the one who wants us to stop using it, to be honest, I don’t really care. I’m trying to teach you something about economics. While there is a cheaper alternative, very few people, if anyone, will switch from the cheapest method, it certainly won’t have an economic impact on a national level. GM, Nissan, Ford, and I’m sure a few others are producing flex fuel vehicles, and E85 is not very popular, despite the corn subsidy. Without the subsidy, E85 wouldn’t be worth trucking around the country.
> 
> Anyone can make bio-diesel, but if you aren’t getting your oil free from McDonalds, you tell me how much that vegetable oil costs? Economic solution to keep us off of foreign oil? I don’t think so.
> 
> Necessity is the mother of invention. While cheap oil flows, people will use it, end of story.

Thanks for that rousing lesson. I hadn’t ever thought of that. Here’s my econ lesson for the day.

> Today oil supplies about 40% of the world’s energy and 96% of its transportation energy. Since the shift from coal to oil, the world has consumed over 875 billion barrels. Another 1,000 billion barrels of proved and probable reserves remain to be recovered.
> 
> From now to 2020, world oil consumption will rise by about 60%. Transportation will be the fastest growing oil-consuming sector. By 2025, the number of cars will increase to well over 1.25 billion from approximately 700 million today. Global consumption of gasoline could double.
> 
> The two countries with the highest rate of growth in oil use are China and India, whose combined populations account for a third of humanity. In the next two decades, China’s oil consumption is expected to grow at a rate of 7.5% per year and India’s 5.5%. (Compare to a 1% growth for the industrialized countries). It will be strategically imperative for these countries to secure their access to oil.

in less than 15 years, the demand for oil is going to go up 60%. The supply is going to stay the same. What do you think is going to happen?

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