Shale oil can’t substitute crude oil, but it would surely give us a good few more years. There are also serious environmental considerations to take into account – mining and processing it is nasty business. Anyway, maybe they come up with a solution.

Best bet is to move away from oil for heating and electricity, and anywhere a sustainable substitute is available. Then we might have fuel for a few more airshows 😎

I totally agree. If the dumheads had got their act together 10 or more years ago, we would be close to generating 70% of our electricity from nuclear power and perhaps by about 2025 we still might. And global reserves of natural gas are considerable with fewer problems involved in accessing them.