Scenario: World Oil Shortage




 * By the year 2016, half of the oil will be gone. Oil will be 205 dollars a gallon. This will make hybrids more economical.


 * Coal will still be cheap.


 * The United States Congress will get really aggressive in renewable energy resources legislation.


 * Farms that grow oil from bacteria will begin to apear Designer bug holds key to endless fuel.


 * Methods for turning coal into oil will be a dominant industry.


 * Most of Brazil's gasoline comes from ethanol and they will be a major exporter of it.

News
Senate committee approves fuel economy increase to 35 mpg