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Gold tells me that oil is being priced higher due to the ruin of our financial system, not peak oil. Its an inflation hedge. That is not to say that right behind it is cheap peak oil. However there is really no market based evidence we are at peak oil. That is a geologist's call to make.
Wrong. Gold is going higher because the world economy can no longer grow due to peak oil meaning fiat currencies are toast.
The problem with electric cars is that they are reliant on advanced industrial tecnologies, underpinned by cheap fossil fuels. Scaling these things up will prove extremely difficult in an energy (and finance) scarce future.
Its clever monkeys up against making something out of pebble bed reactors or thorium. We are all of course extremely thankful for Japan's complete misuse and concentration of nuclear energy in the worst possible way to completely defame the only real alternative.
Its clever monkeys up against making something out of pebble bed reactors or thorium. We are all of course extremely thankful for Japan's complete misuse and concentration of nuclear energy in the worst possible way to completely defame the only real alternative.
If the world was run soley on nuclear power we would have to decommission and commission a new nuclear reactor every day. Also the worlds reserve to production ratio of uranium and thorium combined would be 5 years. Just something to think about.
The problem with electric cars is that they are reliant on advanced industrial tecnologies, underpinned by cheap fossil fuels. Scaling these things up will prove extremely difficult in an energy (and finance) scarce future.
Even more than difficult... it's impossible with current technology. As long as electric cars can only go a 100 miles and take 8 hours to charge they will be nothing more than toys.
It can only happen with a serious game-changer that will be just as revolutionary as the invention of steam power.
This is only the tip of the iceberg, BTW. Nanotechnology is the world-shaking paradigm shift that will make it possible to completely replace fossil fuels as an energy source. It will lead to efficient solar power collection and grid-less energy distribution (probably eventually beamed to earth from space where solar panels can be collecting solar energy 24/7 with no interruptions), real-life superconductors, efficient and instantly chargeable long-life batteries, an entirely reinvented medical care system and new, interesting ways of killing each other.
The future will be exciting and scary, but the point is that we really do have a future. Peak oil is not the end, not by a long shot.
If the world was run soley on nuclear power we would have to decommission and commission a new nuclear reactor every day. Also the worlds reserve to production ratio of uranium and thorium combined would be 5 years. Just something to think about.
Where do you get only 5 years worth? I am really going to need to see some evidence for that.
Even more than difficult... it's impossible with current technology. As long as electric cars can only go a 100 miles and take 8 hours to charge they will be nothing more than toys.
It can only happen with a serious game-changer that will be just as revolutionary as the invention of steam power.
This is only the tip of the iceberg, BTW. Nanotechnology is the world-shaking paradigm shift that will make it possible to completely replace fossil fuels as an energy source. It will lead to efficient solar power collection and grid-less energy distribution (probably eventually beamed to earth from space where solar panels can be collecting solar energy 24/7 with no interruptions), real-life superconductors, efficient and instantly chargeable long-life batteries, an entirely reinvented medical care system and new, interesting ways of killing each other.
The future will be exciting and scary, but the point is that we really do have a future. Peak oil is not the end, not by a long shot.
How much oil does it take to make those though?
In the long run i've no doubt we'll adapt, but there is no quick fix in the short term (ie the next 20 years).
In the long run i've no doubt we'll adapt, but there is no quick fix in the short term (ie the next 20 years).
It's a good thing half the oil that has ever existed is still in the ground, that we can make synthetic oil from coal and that Canada is our tarry, sticky friend. I guess we can strip mine Colorado as a last resort too, but stay away from Utah!
It's a good thing half the oil that has ever existed is still in the ground, that we can make synthetic oil from coal and that Canada is our tarry, sticky friend. I guess we can strip mine Colorado as a last resort, but stay away from Utah!
You know shell state that optimistically the tar sands production will reach 5 million barrells per day by 2035?
Where do you get only 5 years worth? I am really going to need to see some evidence for that.
The paper was published on the energy bulletin website about a year ago. I'll have a look. The paper didn't take into account breeder reactor technology though.
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