Pythor Sehn

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    • Fundamentals Suggest Oil's Headed Much Higher [view article]
      Capitalism has promoted exponentially increasing consumption in a finite world. It has always been on a direct course with disaster imposed by the reality that the world is not infinite. We cannot continue with the infinite growth ethic on a limited planet. It's ridiculous to assume otherwise, and that wishful thinking and the hubris of our supposed limitless intellect will be all that it takes to deal with any problem.

      Good luck with changing $XXX trillion worth of world infrastructure overnight. The market signals won't be coming until the world is already pushed into a depression, when we no longer have the money to make the huge investments in alternative systems that we need, even if they were economically viable, scaleable, had infrastructure already in place and paid for, and could substitute 100% for all the uses of oil.

      Solar is not a direct substitute for oil. You can't use economic substitution principles here. Solar has been and is still limited by grid problems and storage issues.       Dec 30 01:11 PM
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