The Age of Cheap Oil Is Just Beginning

Posted by Icon8888 > 2016-05-04 19:10 | Report Abuse

Scientific American The Age of Cheap Oil and Natural Gas Is Just Beginning By Marian Radetzki on May 3, 2016 http://blogs.scientificamerican.com/guest-blog/the-age-of-cheap-oil-and-natural-gas-is-just-beginning/

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6 comment(s). Last comment by Icon8888 2016-05-04 21:11

Icon8888

18,658 posts

Posted by Icon8888 > 2016-05-04 19:13 | Report Abuse

buy Air Asia... the good time will be here for many many years...

speakup

26,441 posts

Posted by speakup > 2016-05-04 19:50 | Report Abuse

in a couple generations time, when world run out of oil, then our future generations will look back and frown at how wasteful we were consuming oil @ US$40/barrel.

lazycat

899 posts

Posted by lazycat > 2016-05-04 19:52 | Report Abuse

....

speakup

26,441 posts

Posted by speakup > 2016-05-04 19:53 | Report Abuse

because we consume oil like crazy @ US$40/barrel, our future generations have to consume oil @ US$200/barrel when oil runs out???? Remember, oil is a limited resource, not like palm oil, coconut oil, soya oil. Once all oil mined..... no more!

Icon8888

18,658 posts

Posted by Icon8888 > 2016-05-04 21:11 | Report Abuse

I have a different view. Future generation might not use oil anymore. Thorium reactor is one promising technology. And also, renewables

Icon8888

18,658 posts

Posted by Icon8888 > 2016-05-04 21:11 | Report Abuse

One possible scenario is that cheap oil provide a bridge from now until new technology matures. US and China is collaborating on Liquid Fluoride Thorium Reactor. They should be ready by 2030. The world will then have almost unlimited supply of energy

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