12 Sep '11, 3am

via @Energybulletin_ - A guide for the perplexed #energy policymaker (Kurt Cobb)

via @Energybulletin_ - A guide for the perplexed #energy policymaker (Kurt Cobb)

Fossil fuel resources are so vast that we need not concern ourselves that their supply will start to decline anytime soon. This is usually expressed by words such as the following: "The resource is very large." Technology will always allow us to extract these increasingly difficult-to-get fossil fuel resources in the quantities we need at the time that we need them at prices we like. Prices, it is believed, will govern this process in a completely benign way, that is, high and volatile fossil fuel prices won't destabilize the complex systems of modern society in a way that might impair them in the long term. Substitutes for fossil fuels will be introduced gradually in accordance with market signals and will grow commensurate with our need for them. A smooth transition away from fossil fuels will succeed incrementally over many decades. The data on fossil fuel supplies is e...

Full article: http://www.energybulletin.net/stories/2011-09-11/guide-pe...

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