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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (57303)	2/20/2018 12:44:51 PM
From: benwood	Read Replies (1) \| Respond to 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.

To: Cogito Ergo Sum who wrote (57303)	2/20/2018 1:15:23 PM
From: stuffbug	Read Replies (2) \| Respond to of 60927

Just because some illiterate media and piggybacking profiteers of doom bastardize the science is no reason to disrepute a theory that had been extremely accurate in its predictions. And it was always subject to the discovery of new super oil fields. There have been some significant conventional discoveries in this century, in places where previous exploration was inadequate or non-existent (e.g. Russia, Brazil) For decades, basic oil well completion techniques did not experience quantum jumps in technology. Improvements in efficiency and design were gradual and often at the margin such as identifying smaller hydrocarbon deposits, isolating production zones, faster drilling and safer rig operations. Lithium-ion batteries are the goto storage solution today and they still have severe deficiencies, how long ago were they first mass produced? Lots of stuff works great in a lab setting but then doesn't replicate the same performance in the real world. Looking for supercapacitors to overtake batteries? Could happen, but not in the immediate horizon. Abiotic oil? Name one abiotic deposit. The researchers have yet to find one. Believers in abiotic oil are standing on weaker scientific ground than the disciples of L Ron Hubbard's scientology.