BenBurch
Gatekeeper of The Left
Coal works FINE in ships, actually.
Thinking only in terms of what's "cheaper" is missing something important: at some point, the reason for not using oil power to pull oil out of the ground isn't that it costs too much money; it's that you end up with less oil than you started out with (or roughly the same amount -- or more, but not enough to make it worth the effort).
That's a nice example. The same surely applies to many other things; harvesters, ore trucks, you name it.
But how we will manage to sustain our economy once we are past the point where we are able to do that.
Coal works FINE in ships, actually.
Not really, no. Not enough energy density. There's a reason Churchill switched the entire Royal Navy over to oil.
If you're willing to cut range and performance back down to the sort of performance Sherlock Holmes was familiar with, you could use coal. But that will make transpacific container shipping only a memory.
A 100.000 ton containership have around 10.000 ton of marine heavy fuel oil onboard for a 2-3 month roundtrip. It could be replaced with coal, not as high energy detensity, or efficiency as oil, you can after all hardly use it on a slow diesel engine.
Still, it would be possible if you were willing to pay the price, and/or to reduce the march speed of 24-25 knots.
The last knots are pretty expensive.
I believe both of those gentlemen spent on alternatives. It even increased under Bush2 as strange as that seems. However, we cannot predict innovation. The cons to most forms of personal transport alternative powering are well known.
Along with alternative energy development, we needed comprehensive plans to take care of supply pricing stability to ride things out until we're all driving Chevy Volts and Fiskers. This part was tried for and shot down with arguements like "this won't even work for years". Guess what, its years later. We're the grasshoppers and not the ants.
And what happens to production costs when natural gas gets scarce (as it will before oil does?)
There has been off and on talk about replacing natural gas with nuclear for a few years now.
And $40/bbl COST is really unattractive when there are still wells that can produce for a fraction of that.
The problem of course being that we don't presently have the grid to support it -- or the solar panels (nuke plants, whatever), or the batteries, or the motors, or the manufacturing capacity to produce those things in the quantities we'd need to make even a significant dent in our need for petroleum. Whether it's container ships or harvesters or oil trucks or commuter cars, nearly all of them presently need to run on petroleum fuel simply because that's what we're set up for.The number of things that actually need to run on petroleum fuel is rather small; we can put most of our uses on the grid (or take them off the grid for a few hours as needed using batteries).
How far along is MHD technology?
MHD magnetohydrodynamics?
...
He really seems to be asleep at the wheel on oil production.
Getting set up for heavy reliance on alternative energy sources will require tremendous investments not only in money, but in energy. We know this. Petroleum fuel is still affordable enough to permit us to begin making that conversion using that as our primary energy source, but it isn't going to stay that way forever, and there are good reasons to predict that the transition from reasonably affordable to hellishly expensive may take place rather suddenly, and may not be very far in the future. We know this.
That might work out pretty well for those with sufficient means to make those investments and still have enough to hold out during the difficult transition period, but it could be mighty tough on those who don't.Once oil prices clime high enough this will largely take care of itself as investment shifts from new oil development to other energy systems.
Half the oil wells ever drilled have been drilled in the US, it’s the most explored place on earth, and how much oil is very well documented. The “new production” touted by the republicans in the last election amounted to opening another 20 billion barrels to possible production, that’s less then 3 years of US consumption.
Once oil prices clime high enough this will largely take care of itself as investment shifts from new oil development to other energy systems. The real question is when this cutover point occurs, and TBH left to it’s own devices this looks to be quite a ways out yet.
A bus full of economists drives off a cliff into a deep mountain valley, but they are not afraid.
Why?
Because they are CERTAIN that the sudden huge demand for parachutes will be met by the invisible hand of the marketplace.