Originally Posted By: NHHEMI
Originally Posted By: tommygunn
Oil prices should just go through the roof so we can finally shift to new manageable technologies rather then people keeping us just on the edge of it.
It really scares me when people say things like this. Especially if they can vote in the US.
It would take YEARS to make such a shift. The carnage and disaster that would ensue during the period between oil going through the roof and that new technology would throw the world into chaos.
Unbelievable.
The challenge is that many fight tooth and nail against intervening technology-wise to be ready for when the time comes. nobody has ever come to meet my challenge of proving that the kinetics of oil formation (as a renewable resource) are equal to our use rate and the use rate when 3 Billion more people come online in the functional world.
Meanwhile, Ill bet China, who is investing hundreds of Billions of Dollars into the same kind of tech, likely wont claim one lost job, one stagnation, one tax gripe the way we do here when planning and readying their infrastructure for it.
Quote:
Beijing plans to invest US$372 billion to conserve energy and launch anti-pollution projects over the next three and a half years, part of a push to cut its coal consumption by 300 million tonnes, Reuters reported. A report from China's State Council said the move would take the country about halfway towards its goal of reducing national energy intensity to 16% below 2010 levels by 2015. The government plans to invest US$155 billion in projects that will help reduce energy use and increase efficiency, with a large portion of the funding going towards industry. The plan proposes cuts in energy use per unit of production by 25% for steel producers, 8% for coal-fired power plants and 3% for cement production over the next five years.
http://www.chinaeconomicreview.com/china-invest-372bn-energy-efficiency
Ill bet their growth still will remain 8%+ despite this that some would view as "tragic" and completely wrong.
I think these fuel economy regulations are a good thing and will bring innovation and new technology forward. The unfortunate part is that most of it will not be done by our taxpaying population on our shores.