Reply #58: Well oil can't last forever, but we have enough to continue on for a while

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There isn't going to be a doomsday scenario when we ever do reach the peak, which we could have right now, but it's going to raise the price of oil and the world economy would probably suffer a recession, but not a complete collapse.

The good news is that increased oil prices will encourage investment in alternative energies though, so in the long long term, it might be a good thing.