Boeing and Airbus talk about producing so many thousand airframes over the next 2 decades, new runways being built, all very positive for aviation.
China, India and other eastern economies booming, oil consumption 80 million barrels a day plus.
Read "the end of oil" by robertson, there is no where near as much left as we think, with the current and increasing consumption rate, the easy to get oil could be gone in the next two decades leaving expensive and difficult to get supplies under the arctic etc.
There will have to be a major change in our lives, cars, trains etc may have electric power, there is nothing that I know of under development to replace a jet engine, will it be the end of aviation as we know it?
These times may not be as far ahead as we were lead to think.
This subject seems to recieve very little attention and investment, maybe we should all wake up to a future without oil?