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As supply of carbon based fuels dwindles, their price will go up. The fact that carbon based fuels are currently cheaper than any alternative backs my argument.
by thecoffman 16y ago
As supply of carbon based fuels dwindles, their price will go up. The fact that carbon based fuels are currently cheaper than any alternative backs my argument. As soon as they aren't cheaper - the market will shift.
- VladRussian 16y ago>As soon as they aren't cheaper - the market will shift. or there wouldn't be any market anymore. It is also possible that they will be cheaper for centuries to come - the amount of coal and oil reachable in the next 50-100 years just isn't known. And the higher the price, the less demand, thus the less the price - the free-market behavior which has kept the price of oil pretty stable since WWII. Instead of flying cars [more fuel consumption] people of San Francisco are biking. As a result we have civilization developed into Facebook instead of homes on Mars [the last statement is (C) of another HN commenter] It is plain stupid for the human race to sit and wait until the price of oil will go up instead of stimulating development of new technologies [some of which can carry us at least to closest planets].