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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: kryptonic6 who wrote (72)	2/16/2005 10:38:26 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 1183

Jesse, Excellent! You and I are much in agreement. I merely presented Lovins as an alternative commentator, and I think you've really done a great job of refuting the basically untenable premises his argument is based upon. *** On the other hand, I have been studying the depletion of crude oil since the mid-1970s and at that time I was fairly convinced by the doom-and-gloom prophesies of the "cup half empty" crowd of that day. Subsequent oil discoveries and enhanced technology proved the doomsters of that decade to be overly pessimistic about the resilience and creativity of the technologically driven capitalist system. So, one quibble I'd have with your analysis of the so-called "hydrogen economy" is that we are in the early stages of technological advance there. While today the use of hydrogen is clearly an "energy sink", and while the Bushite scheme is silly, that doesn't negate the possibility that technological advances can be anticipated where fossil fuel is eliminated from the production cycle for hydrogen as a fuel. Wind turbines are perhaps the most advanced of all alternative technologies with regard to EROEI, and could well be harnessed in an economically viable way to fuel cell production of hydrogen from H2O in the foreseeable future. So, my advice is to not succumb to too much pessimism. The human species is extraordinarily creative. I don't think that the end of cheap oil means the end of human advances. :)