I Wonder Why This Number Is Rising So...
Politics1 min ago
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For more on marking an answer as the "Best Answer", please visit our FAQ.Basically jump97 has it correct but that is the least of the likely results, the world is at peak oil now, today!!! what that means is that demand exceeds supply and even G.W. Bush has said it on prime time tv for anyone who was listening and made the connection with the extremely serious state of the world crude oil supplies.
As of today 60% of the worlds remaining oil reserves are in the middle east which is mostly muslim countries, if they got annoyed enough to act by reducing the oil flow to the rest of the world, then everybody in what you might called ''a developed country'' can kiss their lifestyle goodbye. The worlds economic systems would go into a crash dive in a worse depression than any seen before as panic would ripple through the markets.
The USA has the biggest strategic oil reserve in the western world and it could run the US needs for crude oil for a mighty 33.4 days at todays consumption rate and the US oil reserves in the ground would last only 3.7 years without imports from abroad so don't think this is an idle threat.