CWB1 said:
We have more oil reserves than at any point in history.
And higher consumption than any point in history, too - and that consumption is on a rapid upward trajectory, as it has been since the industrial revolution.
I'm definitely not a 'peak oil' whistleblower... but assuming that fossil fuel reserves are infinite is ignoring reality.
If we stopped discovering new oil reserves (and stopped exploring technology to extract oil from sources that aren't currently economically viable today) right now, in 50 years we would have zero. 50 years is not out of range for the lifetime of many, maybe the majority, on this forum - including me.
So yes, we'll keep finding more oil and as costs go up due to scarcity, currently known unviable sources will become viable. But the timelines we are talking about aren't a millenia away. On the time scale for which government should be making decisions, they're on the radar.
I have no great love for our government or any other national government - but you can't rely on private companies to move the technology forward. They don't care; oil costs going up are good for them. The governments of world economic powers - the US, the EU, China, Russia, etc - are the only entities with the financial resources and the long term duty to attempt to underwrite alternatives. It's the least of the several evils available to us.