Bursche said:
The Manhattan Project cost 2 billion back in the 1940's and employed 130,000 people. To find and implement the next major way of energy, it will cost some dough. Did I say it would be all at once? It would be spread over years of research and development, and the trillion dollars would be the cap of money. You dont realize that oil will eventually run out, and the sooner we get onto a better and more importantly, cheaper renewable energy source, we can save the rest of our petroleum for our food and consumer goods. A trillion dollars is only 1/4 of our budget every year. Spread over 8 years and funded by multiple countries, it is easily doable. |
The problem with not having enough oil is that we've been "running out" since the '70's. No one knows exactly how much oil we have, the capacity we have to refine it, or how much there's left in the Earth. All we can do is speculate...
And it's those same speculators that more or less control the price at the moment. The bubble will burst, it's a matter of when.
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