What Are You Gonna Do In A Country With No Oil Reserves, Now That the Gallon Costs More Than 4 Dollars?

Question

Countries like USA and others tend to enter in a deep recession in the next years.

Brazil and all the other nations that have profoundly invested in new oil fields within 5 or ten years will pose as the richest of the world

Answer 1

We will develop alternate fuels and/or the tree huggers will buckle and allow more drilling.

FYI -In the next five years it is conceivable that Brazil could move ahead of Mexico and Canada in total oil reserves, becoming second only to Venezuela and the United States in the energy pecking order of the Americas.

Answer 2

All things are cyclical, economics included. We will enter a period of inflated oil prices - maybe ten years or so. As a result, we will either drill more, or explore & employ alternative energy sources. The price of oil is a simple function of supply and demand. We can't control India's need for oil. We can't control China's need for oil. And by drilling more, we are only stabilizing the price as long as we have no supply shocks - a hurricane in the Gulf, a pipeline breach anywhere, a plant explosion, etc. So, while it will hurt for a while, alternative energy sources are the best long-term solution. It's not like we didn't see this coming.

Answer 3

We really have no real choice here do we, we either pay the price or find an alternative method of transportation!! Sad isn't it !!!

We have oil but they won't drill for it and we all know why that is!!

Answer 4

We perfect super hot plasma fusion and build revolutionary sources of electricity for our hybrid cars.