@HappySqurriel: Nice post, but now there's an extra factor to take into account... the effects of the recession in oil demand and price. This could change the picture a lot, for example it could:
- make unconventional oil unprofitable
- stop drilling and development of new fields
- last but not the least, reduce investment in renewable sources of energy. If this happens, we'll get hammered by rising energy prices after the economy recovers from the recession, which may cause yet another recession. Not a pretty picture in any way, especially since there's no Central Bank for energy which can bail us out.
All in all, I have less and less faith in the system to adequately deal with energy issues. Let's hope the third item above doesn't happen...
My Mario Kart Wii friend code: 2707-1866-0957
