> about how oil was going to become unaffordably scarce by 2020. right before the fracking revolution happened. and before that the same thing happened. you ca

> about how oil was going to become unaffordably scarce by 2020. right before the fracking revolution happened. and before that the same thing happened. you can find books in the library from the 70's saying the same thing about oil by the year 2000 all that's happened is that commodity economics kick in. the scarcity of oil prompts people to pay more for the oil. the higher price of oil makes investors realize they can write larger checks to people aiming to explore for oil in harder to reach places with expensive machinery, to make enough to pay back the investors. which is why deep sea expeditions took off, which is why fracking took off the trend is likely to continue this is what occurs in some other commodity markets as well