This is a long story by James Quinn, a prolific blogger and writer. But READ IT! If you do and you believe the facts and scenarios that Quinn portrays, then we're headed to $200/bbl oil in very short order, within five years at most. That means $5.00-$6.00/gal. gasoline and heating oil very soon, even without any additional tax levies. The scenarios he lays out are the most plausible I've read.
I don't think Quinn claims any particular energy expertise, but has researched the available facts and drawn his own conclusions. We can all do the same.
Alternative energy wishful thinking will not stop this. In fact, alternative energy proponents are hoping for this as the impetus for a massive change in our energy mix. Fear not, it will happen because of rapid growth and modernization in developing countries with expanding populations.
But a shift to alternatives will require YEARS, perhaps a decade or two. Smart policies would include nuclear production of electricity, but 'TeamObama' seldom utters the word, except in a pejorative sense.
As oil supply is unable to meet worldwide demand, Quinn raises the specter of broad world war for oil and gas as a possible result. A friend, without tongue in cheek, has advised me to check my supply of guns and ammo.
TheBurningPlatform.com » Economy » WASTING A GOOD CRISIS: RESULT - $200 OIL
1 comment:
If Freeman Dyson's assessment of the energy situation (see "The Civil Heretic") holds any weight, and why shouldn't it?, we should also turn immediately to coal, which the US has massive amounts of... Dyson suggests the coal clearning processes works very well...
But Al Gore says there's no such thing as "clean coal."
So, the politicians, the non-scientists, will need to step aside. And the real scientists who fear to question the status quo of the academy, overtaken by political bias in science, where many are staking their careers, their jobs, their income on developing "green" technologies -- will need to take a vacation,... think real hard about what they're actually commited to, and hopefully get back to science again. This, again, assumes Dyson has things right. (And as a non-scientist, I can only use my common sense judgment to decide which leaders I should follow.) Anyway. We might eventually see a torrent of scientists step up to the plate...
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