This is true not only for America, but to varying degrees for all nations with high ammounts of cars in use.
http://news.bbc.co.uk/2/hi/americas/7486705.stm
Quote:
It is not that oil is running out - this we also established is a fallacy.
But we do not need it to run out for us to change our ways. As Sheikh Yamani, the former Saudi Oil Minister, said in 1973 during the first oil shock: "The stone age didn't end because we ran out of stones."
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