Imagine the post-oil apocalypse, with modern American society heading into a direction with no Disney vacations, no airlines - a world devoid of one-stop convenient big retailers. Sounds like a desolate place, but that's an ideal society according to Forbes magazine Christopher Steiner.
Steiner appeared on NBC's July 24 "Today" and described a world with gas headed to $20 a gallon, but according to him it wouldn't necessarily be a bad thing.
"Well, it's important to understand that $20 per gallon, those types of figures, those are a couple decades away," Steiner said. "But what's important to understand is that we are running out of oil. Over the next 30 years, you're talking about another 2 billion people entering the globe living American-style lives. Right now there's only a billion of those people on the globe and those people are going to want oil. And so our supply is going to slowly go down and demand's going to go up."