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I agree, but that doesn't really refute the possible gloom-and-doom scenarios proffered by the Peak Oil crowd. Whether or not we slowly wean off oil or experien
by projectileboy 17y ago
I agree, but that doesn't really refute the possible gloom-and-doom scenarios proffered by the Peak Oil crowd. Whether or not we slowly wean off oil or experience a chaotic shift depends on the particulars of just how expensive it becomes to extract more oil over time, and how much global demand rises. I believe in the power of the market as much as anyone, but it's not a given that the market will find a cheap, easy alternative to fossil fuels within the timeframe that we may need them.
- cwan 17y agoWe already have (though it is a fossil fuel) - natural gas (http://paul.kedrosky.com/archives/2009/08/the_grand_energ.html http://paul.kedrosky.com/archives/2009/08/the_grand_energ.ht...) - the equivalent of between 80-120 years of equivalent oil consumption (if we switched everything including consumer vehicles over). Conversion of existing vehicles while not cheap, is still viable and not difficult.