This is a bunch of garbage. Two new technologies are about to eliminate the energy problem. One is workable nuclear fusion. There are three new approaches that show extreme promise. One just got a huge cash infusion from Paul Allen, a man not known for wasting his money. The other is the new battery tech based on nanofiber Silicon. That’s been posted about here a couple times. It permits basically a ten times increase in the weight to energy storage ratio of batteries using existing technologies.
In short, in 5 years oil will be a thing of the past except for mfg. and legacy (i.e., your current car) uses. Gasoline powered cars won’t vanish overnight, but their numbers will go down significantly over time, and then the law of supply and demand will crush oil prices.
Of course, the greens-socialists will find something that will “kill us all” in this tech, too, I’m sure, but it will be a real stretch that most should have learned to see through.
Heinlein's Shipstones?
Ampere-hour tax! Price it out of existence!
18 cents current, plus 42 cents increase called for by 'bridge collapse commision' -->60 cents/gallon fed gasoline tax; divided by fleet averages MPG, for about 3 cents/mile times ampere-hours/mile, to get a base rate, then triple that "too pay for the cleanup of abandoned fossil-fuel infrastucture...", then do the comaparable thing with state & local levels.
We have the ability to solve all of America’s energy problems with nuke FISSION, if the greenies (probably funded by OPEC) would just get out of the way. A car could have battery power for short hops, plus a small gas engine for longer trips
Not exactly...Paul Allen lost BILLIONS in the cable T.V. company..called Charter Comm....and RCN an internet provider. Not to mention the Portland Trailblazers....
Between the years 2000 and 2005 BusinessWeek calculated that Mr. Allen lost over $12 BILLION in bad investments.
That all said....he can afford these huge losses..and the final chapter isn't written for sure.
But to say Allen isn't known for wasting money...isn't factual to people who have followed his past investments.
I think it'll take longer than 5 years, but I definitely expect to see the day when we can tell the barbarians to use their oil as camel lube.
It never happened, and will not happen for some time to come.
Oil and gas will be the predominant energy source for at least another 50 years. It's still being made naturally and is still abundant, although harder to extract and find.
Natural gas is very abundant.
Technology will eventually change this but not until hydrocarbons are nearly depleted. This won't happen for many decades.
The age of oil is far from over. It's always going to be a matter of convenience and cost. Nuclear is good, but disposal of the byproducts remain a serious problem. This is going to be solved one day, by storage on the moon, but we are at least 20 years or more from that. Until then, nuclear will not thrive to replace hydrocarbons.
In the interim, clean coal would be our best bet.