johngonole

Stagflation and Peak Oil: How Related Are They? (Part II)

User 987 - All the forms of energy you mentioned above still cost more than oil as I understand it. So first oil prices will go higher then they will become viable. Still oil is used in asphalt, platics, petro-chemicals, fertilizers, etc....

Bottom line is that the entire industrial/agricultura... revolution has been built on oil. It will probably take another 100 years (short of some amazing free energy discovering of huge porportions) to simply make the transition. US Geothermal in the right areas could really be good kind of like hydroelectricity. I also like the idea of windmills as a supplement provided they can build them to last forever with very very little maintenance. Seems like a very good idea versus solar which you still have to replace every 20-25 years plus batteries. Oil shale may help with the transition. Oil/Coal/Nuclear are still the cheapest forms of energy and will likely remain so for a while. This country needs to become more energy independent. It will not only reduce the trade deficit but could actually get people back to producing real things in the country.