The market adapts really well to changes like this. As oil prices
start climbing, suddenly "alternative energy sources" become
viable. We have the technology to produce all the energy we need;
the only catch is that for the time being oil and other fossil
fuels are cheaper.
Yeah, we will have some serious adjustment to do, and yeah, it will
hurt, but the end of the world it isn't.
Personally, I'm a big fan of subcritical nuclear power. The
principle is well known, it cannot get under control (since it can
be switched off simply by switching off the neutron source), it's
been tested, the fuel sources are for all practical purposes
unlimited,
and it's the only way we know of to get rid of nuclear
waste. Again, the only catch is that it's more expensive than
regular nuclear power.
Of course, if fusion power is finally proven to be commercially
viable, so much the better.
And, of course, there are many other alternatives: string solar
power plants along the North African coast, and you can produce so
much power you'll be able to desalinize enough Mediterranean water
to turn the Sahara (back) into a garden,
and export energy all
over the place.
In any case, we have the tech to make all the electricity we want;
if we have electricity, we get chemical fuels (e.g. just by
electrolysis of water). All we need is for oil to get expensive
enough, and it'll happen.
As a matter of fact, I believe the transition from oil to hydrogen
will be much less painful than many people make it out to be: it'll
require massive infrastructure investments, and historically such
investments have caused a huge economic boom in all other areas as
well. It could be the best thing that's happened to the world
economy ever.
Petteri
--
Me on photography: [ http://www.prime-junta.tk/ ]
Me on politics: [ http://p-on-p.blogspot.com/ ]