I am not sure whether it is a good thing or a bad thing that there is almost no oil left anywhere in the world. Out of a sort of childish spite, one is obviously delighted that soon enough countries like Saudi Arabia will have nothing with which to hold the world to ransom. And nothing has caused more environmental damage to our planet than the consumption of hydrocarbons (except maybe that comet which allegedly wiped out the dinosaurs). On the other hand, I am not sure that I wish my children to experience a rapid return to the Stone Age — which will be their future unless we begin to wean ourselves off both oil and, indeed, gas. And with governments perpetually disinclined to look to the medium term — let alone the long term — it is difficult to see how that weaning process will be induced.
I don’t think I’m overstating the gravity of the situation.
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