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Politics : PRESIDENT GEORGE W. BUSH
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To: goldworldnet who wrote (769373)7/5/2010 3:09:45 PM
From: DuckTapeSunroof   of 769670
 
Re: "Smil is on the money. Energy transition will take generations and globally could take well over a century. Even in the developed world it will be decades before clean energy could possibly out pace growing energy consumption from population and actually begin to reduce fossil fuel demands. Alternate energy will be developed and it is a legitimate need, but it is going to be a very long transition."

Agree, (in general).

Particularly with the 'will take generations' comment. (But that is probably for a nearly complete transition. Steady, incremental progress will be made all along. The over all trend will continue apace.)

As for the "well over a century" I suggest that you might not be giving sufficient weight to one important point: Yes, oil/coal will still be used for many things a century past from now... but reserves will be *much* smaller and consider the COST that will be in effect when they trade.

Cost will pay a dominant role in the energy transition.
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