The argument on when the world’s oil supply will start dwindling is a running battle that has been going on for the better part of forty years. Pretty much everyone at this point though has figured out that at the rate we are sucking up oil (85 million barrels per day) that it won’t last for much longer. That means we need alternatives, and fast.
While one of the main arguments in favor of alternative fuels and electric vehicles is environmental concerns, I think the U.S. needs to take a look at China’s playbook. They make no bones about it; their green initiatives are about energy security and ensuring they don’t get stuck with unfavorable allies who supply the dino juice.