<<So what Zeev is stating is that with technological capabilities increasing and innovating, it won't require much of an increase in oil prices before alternative/synthetic energy processes become profitable and competitive, thus placing an effective cap on the price of oil.
There is no current shortage of oil and likely won't be one for 30-50 years.>>
OK, 1. Let's just communicate, not fight.
2. You're right, Today we can go from gas to liquid and or return. Have you looked closely at fuel cells? I have, they are perhaps the most exciting "new"(and I know I use that word loosely) power technology in the last 100 years. There are some very big problems, and as with all things some very big trade-offs.
They simply are not as efficient* (as a function of horsepower conversion) as the systems they will replace - at this time at least. The reason we will as a society make the change then will be legislated because the lack of pollution. I'm not saying we should(or should not) go that way, just guessing that's the way it will be. Btw, now, to get the levels of efficiency they have gotten, they are using gold connections. Just maybe it is a valid cost to the entire society.
* - the cost of electricity provided was listed in news sources as "competitive with many of the utility costs in the US", but was 40% more expensive per KW than ours here. The buses running today with these systems are touted to the media as "on average only a somewhat higher cost of operation over time". |
