SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?


To: Jerry in Omaha who wrote (331)10/3/2001 5:39:42 AM
From: JAPG  Read Replies (1) | Respond to of 16955
 
Jerry:

Hubbert´s peak, scary but IMHO very real indeed. Recent serious studies support Hubbert´s theory:

dieoff.org

However, I don´t think that the world will evolve, in a 10 year´s period after the peak, to the production and consumption of renewable fuels. Much to my dislike, the fossil hydrocarbons orgy will continue for quite some time:

- Natural gas will be used in greater quantities as a fuel. Also, it will be liquified (probably as methanol) to support the automobile industry.
- Heavy crude (so called unconventional reserves) will start to be exploited. See in above article the mention to the Orinoco tar belt.

Why I think this will happen: Because the ecosystem forces are too large:

- Oil companies have vested interests in the continued used of hydrocarbons.
- Countries that possess the hydrocarbon reservois are glad and willing to sell it.
- Natural gas and heavy oil will still be cheaper than renewable sources
- Our modern society has cheap energy as one of its main pillars. We are thinking how the stock market is going to look next month!, never mind thinking 3 generations down the road.

Nevertheless, Hubbert´s peak is a very valuable intellectual tool to position ourselves in the long term. It will help us to evaluate things like: Where do I want to live 10 years from now?, what type of home should I build? (the kind of energy-efficient home you want to live in is not being built today), what kind of investments will thrive under Hubbert´s peak scenario?.

The good news is that at today´s oil prices we seem to have time to reflect on this issue carefully. But reflect we should.

Take care

JAPG