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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (148474)	3/29/2011 4:39:01 PM
From: Jim P.	Read Replies (2) of 206326

For the most part the statement "oil will be gone" has no teeth. On the other hand current technologies in a large degree have advanced like rungs in a ladder. As a new technology improves on an old one society steps up the ladder to the next rung. The next rung while it might be more energy efficient almost always requires an economy of scale that in aggregate does not decrease total energy use. As we get another rung or 2 up the old technologies die out and that rung below us gets cut off. When the problem of resource scarcity starts impacting the upkeep of the same technologies that allow for efficient extraction of more and more marginal energy sources then we will see a rude transition to a less comfortable lifestyle. I am not smart enough to guess even within 10 years when that will be but since I am almost 50 I expect it will probably happen in my lifetime. Peak oilers have been too pessimistic but their voice is a much saner one then planning that tomorrow will always look like today. Not intended to reflect on you Bob, just think there is more to the story than peak oil or that production will exhibit an asymptote decline. Jim

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