Peak Oil...

Published Monday, March 31, 2008 by Dan Gainsford | E-mail this post

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Like I said, despite the blessings of an abundant universe, I still think we're in deep shit.

THIS is a great article on Peak Oil although there are still bigger issues left out, such as our current industrial food supply system which is entirely based upon cheap oil. But let's not start a panic ;-)

Excerpt:
"The big question is how we accelerate plug-ins and E.V.s into the marketplace to stave off the worst of the peak oil and climate catastrophes. No country has ever introduced a mass-market consumer alternative fuel vehicle without government mandates. So again we are going to have to turn to progressive policies.

Clinton and Obama (but not McCain) have detailed policies to jump-start the transition to plug-in hybrids. Clinton, for instance, plans to offer consumers tax credits of up to $10,000 for purchasing a plug-in hybrid. I would offer the tax credit for the first 1 million plug-ins purchased. The effort would cost under $10 billion over several years -- about what this country now spends on imported oil in a single week! And of course we'll need a very aggressive push toward efficiency and zero-carbon electricity, which both Democratic candidates support. That is the very least we can do given the twin multitrillion-dollar threats of peak oil and global warming."

peace,
d

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