It's also somewhat more complex than a simple cost utilization curve. For example, costs have to reach a certain threshold before investors take huge risks to develop new technology. The barrier is usually the high upfront capital costs and the high risk.
And of course if one downplays the risks to the
current energy source (or resource), like its eventual depletion or dangers inherent in said resource utilization, then what possible reason would anyone invest in high upfront costs?
That's my point. This is serious stuff, serious threat, serious problems, and when people act like it isn't, then investment is curtailed at the point when it most needs to be encouraged.
It sounds to me like your company is leveraging the seriousness of these issues to come up with an answer. Why do you go to work in the morning if there's no issue around environmental impact?
But once the technology is widely commercialized, the recurring costs are often much lower.
That is true, however in
technology development cycles, the technology has to become efficient enough and workable enough to actually use.
Sometimes no amount of "cost" will overcome an inherently massively inefficient system to make it "desirable". But, indeed, we will find a point where costs are so horrendous for our current systems that we will use much less efficient systems or systems that have a higher
EROI than we are used to.
The same is true for energy--even with high oil prices now, fuel prices are actually much cheaper than they used to be,
And with that efficiency in fuel access and utilization comes a massive increase in global
impact by the combustion of those fuels. And we are right back at the beginning of this debate.
. So the long term price of energy has been in decline as well. I expect that trend will continue forever,
And no economist has
ever said that kind of thing before!
People have never thought that that
this market is somehow different from others!
But don't let it concern you. Bubbles are for tech stocks, not homes.
...
All of this helps explain why people like Stephanie Riggs, 31, of Dallas are following the money. She just switched from working in ad sales to becoming a residential-loan officer. "This is the only section of the economy that's been doing well," she says. "It's gravy days right now in my industry." Yes, it is. And if you're looking for a pin and trouble, don't bother. There's no bubble.
(Monday, Aug. 26, 2002 By DANIEL KADLEC Time Magazine 2002, SOURCE)
And in the case of "energy" well, we know fossil fuels are finite in extent at least on the scale of time that
we are utilizing them.
especially given the flattening of the population curve
I think you are missing a subtlety here, the population isn't "flattening out", the
growth rate is flattening out or has shown a recent decrease. It is still growing.
The actual annual growth in the number of humans fell from its peak of 87 million per annum in the late 1980s, to a low of 75 million per annum in 2002, at which it stabilised and has started to slowly rise again to 77 million per annum in 2007.(
SOURCE)
when the earth's population reaches 10 billion or so.
So do we wait until then to start thinking about these issues? Do you think there's going to be any consequences?
Thaumaturgy's concern is more centered on concerns over global warming than over prices.
Ahh, then you misread me. I have an
appreciation of the costs. Remember, I have experience with energy resources having been trained as a coal geologist and who worked for Peabody Coal briefly in "reserve estimations", and I understand that there will be costs. The difference between you I is that I am equally cognizant of the possible negative outcomes of profligate overutilization of the resources as well as the need for serious consideration of these in order to spur future development.
I find that fascinating about you, TrueBlue. You run a company leveraging real environmental issues but you personally don't take them seriously? Did I get this right? So for you, you are just seeing a truck load of suckers who will give you money to exploit this issue which you don't think is serious?
For my part, I am concerned neither about price nor about global warming.
OK. I hope I'm wrong and I have assessed your motives incorrectly. I don't want to mischaracterize you.
Please help me understand. Why do you go into work on Monday mornings? Money -or- care in what you do?