From the energyrefuge article "Oil is a very efficient energy source and there is still plenty of it. Not many products can produce 18,000 BTUs per pound, and cost almost the same as bottled watter. Right now, it is as profitable as ever and the demand continues to grow- year after year the petroleum companies are making record breaking profits. Exxon had profits close to 10 billion dollars as reported by USA Today."
"Economic???? In plain English, as soon as the oil reaches 10 or 15 dollars per gallon we’ll start seeing changes. This is not going to happen until oil starts to become scarce."
This is a good article that embraces many truths and misconceptions people need to embrace to measure “TRUE” alternatives to our environmental and energy crisis.
We have had the tech, tools and infrastructure for decades… but, until one of these alternatives “drives” the markets no “power” will move from financial gains of oil & coal.
Fear & Greed drive markets, not better always alternatives…. that is why it is vital that we also make clear to investors that they can “make green” using greener options.
During the first “global warming”& “Oil War” of the 70’s My father was told that we would be driving “hydrogen powered” hover cars by the time I was his age… I am still waiting.