re: #10 Bob Levin
So, I gather that you think the article shouldn’t even have been written. Okey dokey.
Now you know that Western Civilization has changed energy a few times, from wood to coal, from coal to oil. So, I don’t see oil has having any value beyond our present historical period, which will last until the next viable source of energy snuggles into our way of life.
You forgot Whale Oil… .
I read something a long time ago that went thru a lot of this. It was written from the economic point of view and basically said when the commodity became scarce, for whatever reason, the price became too high and another source was “found”.
I’m really a bit frustrated by this. If cheap energy from fossil fuels continues to be available there will be no incentive to fund innovation. We need serious R&D in this field and I don’t see the public demanding it or Private Enterprise & Congress funding it. As long as people can afford the price of gas and their electricity bill, I don’t see that changing.