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I was having a natter with the old man about what happens when the oil does start to run out, he seemed to believe that it wouldnt really make a great deal of difference at least in terms of car fuel because diesels could just be converted to run on vegetable oil, a completely renewable energy resource.
Now i've seen some figure that show the amount of vegetable oil that is produced in the UK would amount to only 5% of what the annual amount of diesel that is sold amounts to (http://www.veggiepower.org.uk/environmental.html)
Would it really be possible to increase the growth of oil in the UK by 20 times?
What would the likely knock on effect be on the stock markets once the oil does run out and presumably BP Shell etc are presumably worthless?
Now i've seen some figure that show the amount of vegetable oil that is produced in the UK would amount to only 5% of what the annual amount of diesel that is sold amounts to (http://www.veggiepower.org.uk/environmental.html)
Would it really be possible to increase the growth of oil in the UK by 20 times?
What would the likely knock on effect be on the stock markets once the oil does run out and presumably BP Shell etc are presumably worthless?