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Tech, innovation - they are just the other words for "infinite supply". Yes, it is not physically infinite. But it is effectively. As long as someone is willi
by lstodd 7y ago
Tech, innovation - they are just the other words for "infinite supply".
Yes, it is not physically infinite. But it is effectively.
As long as someone is willing to pay for it, it will be provided. And even cheaply - look, what's 1970's $12/barrel in nowadays dollars? $50? $100?
We are so nowhere near running out of oil, that the whole possibility is best ignored.
- krapp 7y ago>As long as someone is willing to pay for it, it will be provided. And even cheaply This is only true until it isn't. At some point oil will become economically and technologically infeasible and alternatives will win out, because no one wants the million-dollar a barrel oil economy that results when we have to resort to mining Titan for it.
- lstodd 7y ago>At some point oil will become economically and technologically infeasible and alternatives will win out And it will, but I fail to see how this defeats my statement. Oil will become obsolete not because its price will rise, but only because the alternatives will finally become cheaper. Which is not the case as of now.