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To: grundle

Good article. Shame he is falling for the Peak Oil sham. Like every other resource, alternative means of production can offset changes in the nature of supply if price signals indicate it is worthwhile to do so. For example the U.S. has trillions of tons of coal. Using technology developed back in WW II, we could turn that coal into oil if there was a driving interest and prices remained high enough (somewhere over $110 a barrel iirc) for long enough. Each ton of coal can be made into a barrel of oil.


3 posted on 07/05/2012 5:01:22 AM PDT by drbuzzard (All animals are created equal, but some are more equal than others.)
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To: drbuzzard
"Peak oil sham"

I've been hearing the "experts" declaring that we've reached peak oil now for about the last thirty to forty years. But countries keep finding new sources.

4 posted on 07/05/2012 6:40:17 AM PDT by driftless2
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To: drbuzzard
The very idea of Peak Oil could become obsolete within 15 years.

I cite the following:

1. A huge fraction of the world's oil reserves have yet to be touched--it's only now that modern technology has finally made them viable.

2. We've made great strides in using oil-laden algae to produce diesel fuel, heating oil, gasoline and kerosene. With further refinements, these four fuels could be made mostly from renewable resources, not crude oil.

3. Battery technology is about to make a HUGE leap forward with dry-electrode lithium-ion and ultracapacitor battery designs, which may extend the range of electric cars from 100 to nearly 500 miles!

In short, technology has outrun the Peak Oil naysayers all over again.

By the way, we're also on the verge of a major breakthrough in the processing and production of titanium metal. Given that titanium is almost as common as aluminum but many times stronger and way more corrosion resistant, we could soon have automobiles that are safer than today's automobiles but 400+ pounds lighter in terms of structural weight compared to a 2012-model car. This could dramatically change the way that all forms of transportation vehicles from bicycles all the way up to big airplanes are built.

7 posted on 07/06/2012 10:06:24 AM PDT by RayChuang88 (FairTax: America's economic cure)
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