The End of Cheap and Easy Oil
The oil age has lasted about 120 years. No energy source has been easier or cheaper than locating pools of oil and pumping it from the ground. Now, the easy pools are gone, and the price is increasing, both the cost of exploring and developing oil, and the global cost in conflict of exploiting the primary deposits in the Middle East. Our long, nearly free ride is over. The task of the next quarter century is making the shift from easy oil to alternative energy. As Michael Pacheco said in 2005, We are going to need everything we can get from biomass, everything we can get from solar, everything we can get from wind. And still the question is can we get enough? Advances in wind energy using magnetic gears is but one important development, as are hybrid, fuel cell, and perhaps best of all Tesla motor cars that will end the role of oil in transportation. Oh, and cheap LED`s to replace all light bulbs, the greatest source of electricity use in buildings, is a clear path to a better future.
Source: www.fururist.com
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Comments
No comments yet.
Leave a comment