<"But even in US$ of the day, I think oil will be back to $40 a barrel soon enough [say another 3 or 4 years at the outside as that should give sufficient time for new production to come on stream and alternatives to be brought into production."
A billion wannabe drivers in China and India say you're wrong. It won't matter if their cars get 50 mpg.>
I watched some wannabe drivers in Beijing. They were in wall to wall traffic jams, going nowhere fast, while people on bicycles swished on by. The same principle applies in Tokyo. They aren't going to all be in Hummers on freeways. Their houses are often smaller than a Hummer.
Not everyone on Earth wants to weight 100 kg and roar down freeways for many miles in monster SUVs or Hummers to buy gallons of ice cream. There are other ways to live. There are other ways to move.
Think of how things can be, not as they were, in another time and place. Superconductors, photonic/electronic controls, maglev, Segway, cyberspace, photovoltaics, fuel cells, in-wheel electric motors, are technologies which help mobility.
Mqurice |
