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Forum » The Panel » Relax, the world is NOT running out of oil. (not very long)
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I mentioned shale oil. The point is that it is a viable alternative to be investigated. If every new technology were shunned because it's not currently economically or environmentally viable there would be no innovation or increases in efficiency. So, like I said, it's something that needs to be looked into. Generally, I'm of the opinion that when business comes to the conclusion that saving energy use through efficiency increases and technological innovation is cheaper than using it they will lead the move away from the use of oil, leaving demand for it very low, thus leaving the price for certain, oil-specific, products relatively cheap.
I agree with most of this. (The part I don't, or more accurately, don't find likely or feasible, should be evident) |
| To the United States Congress: STOP SPENDING MY MONEY. NOW. YOU DON'T HAVE ANY CLUE WHAT YOU'RE DOING AND THE ECONOMY WILL RECOVER MUCH FASTER WITHOUT YOU. YOU ARE UNKNOWINGLY DESTROYING THE COUNTRY. | *EL's Epic Slammy List* |
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I also recommend going solar, the suns going to be there for billions of years, lets take advantage of that! |
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Posts: 15616 |
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| To the United States Congress: STOP SPENDING MY MONEY. NOW. YOU DON'T HAVE ANY CLUE WHAT YOU'RE DOING AND THE ECONOMY WILL RECOVER MUCH FASTER WITHOUT YOU. YOU ARE UNKNOWINGLY DESTROYING THE COUNTRY. | *EL's Epic Slammy List* |
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| Take your top off. |
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There could be a time in this progression during the transition from oil based fuels to green fuels where only the wealthy can afford to use cars and the rest of us will be using bikes/motorbikes and public transport. |
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Maybe, but it's very unlikely, IMO. If such a scenario were to start to occur, two things would likely happen: First, the economy of the country would collapse, as all consumer spending would go toward non-discretionary items, basically food and transportation fuel. A collapse in the economy, or severe recession, of the magnitude that would be caused by the inability of people to move would result in a deflationary environment which would, by its very nature, cause the prices of these commodities to decrease. Second, private enterprise would find alternatives. Significant moves in the direction of alternative fuels have not really taken hold because it has not, up until now, been economically feasible for such a paradigm shift in the transportation infrastructure of the world. As long as oil is relatively cheap it doesn't make sense for people to switch to some other product. When, however, oil becomes prohibitively expensive consumers then turn to the market to find alternatives, at which point it becomes cost-effective for big business to switch their R&D budgets and production to alternatives. |
| To the United States Congress: STOP SPENDING MY MONEY. NOW. YOU DON'T HAVE ANY CLUE WHAT YOU'RE DOING AND THE ECONOMY WILL RECOVER MUCH FASTER WITHOUT YOU. YOU ARE UNKNOWINGLY DESTROYING THE COUNTRY. | *EL's Epic Slammy List* |
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