Should we scrap NASA to save the world?

I just finished a book called The Coming Economic Collapse, which makes the case that a barrel of oil will likely cost $200 by decade’s end. Regardless if that’s overly bullish on the price of oil, there are many scholars who agree that we’re headed toward an energy crunch.

The point made in the book is that, as much as some scientists want to move toward alternative energy for environmental reasons, there are plenty of economic and political reasons to do so as well. Oil demand is rising. Production capacity is close to peaking, or it already has. Therefore, oil will demand an ever increasing premium.

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