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There's not just the energy production and storage side of the equation. Technologies that increase engery efficiency are advancing pretty rapidly right now, in
by fauigerzigerk 13y ago
There's not just the energy production and storage side of the equation. Technologies that increase engery efficiency are advancing pretty rapidly right now, in spite of the fact that energy cost is a much smaller share of GDP than it used to be.
I am confident that peak consumption will outrun peak production and that we have a lot of leeway to reduce consumption even more quickly without making major changes to our way of life.
- waps 13y agoThen how do you explain the obvious correlation between 2008's financial events and the oil price ? And all the previous times that happened ? Or do you think we've advanced ridiculously beyond what we had in 2008 ?
- fauigerzigerk 13y agoMy explanation is that both are caused by a third variable: A speculative credit bubble that affected all kinds of assets, including commodities and and real estate.