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Non-Tech : The Woodshed

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To: Cogito Ergo Sum who wrote (57303)	2/20/2018 12:44:51 PM
From: benwood	Read Replies (1) of 60927

In 1977 I saw a projection that showed only 15 or so years of natural gas left. Now there is a glut. Stuff changed... Projections a few years earlier said massive need for more energy in the Pacific Northwest, so boondoggle nuke plants started, seven I believe, money spent was about 1000% of original projection, NONE came online. Missed the decades of conservation, insulation, technological progress (e.g. vastly more efficient freezers and fridges) etc. End result was 25 billion dollar bond default, largest in history at the time.

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