time_for_real_solutions

Investing Into the End of the Hydrocarbon Age

I think the $500 oil comment may be a little extreme for a forceast 10 years out. By the time it reaches that point they will have effectively killed all relative demand for the commodity. Which brings me to this point, there will be demand for the commodity as long as it stays within a price range that people are willing to pay. What we are seeing now with the shifts in the automotive markets and teh airlines is that we are going to be willing to consume far less oil at $125+ than we would at $75 or $80. It appears that the elsticity of demand is reaching the breaking point where demand will far sharply.

I agree we are seeing the end of the bydrocarbon age. There are giong to ba a lot of people though that have been profiting from this that are going to try and resist the change that is coming.

There are manythat think we are going to be able to use Hydrogen as a substitute fuel in the near future. In the past there have been lots of rumors about this and teh auto industry has looked at the feasability previously but nothing has happened yet. I suspect one reason is that liquid hydrogen is highly exposlive and no one really relishes the idea of a hydrogen explosion following a car wreck. However, I have also been hearing rumors about some new technology to extract hydrogen from water with greater efficieny than in the past. If that's true then the fuel can be stored as water until needed, now that would be impressive.