by dhfenton » Thu 15 Mar 2007, 07:56:47
Nice set of graphs. It would be nice if they were all using the same scale on the Y axis. After just a quick look at these graphs, it seems to me that they are saying it could be another 13 years before the crap really hits the fan. Given the ecomonic incentives that will be created, 13 years could produce a tidal wave of research, and some very innovative solutions. Rising oil prices should equate to a very significant rise in research. The only problem is that politicians tend to jump in with ways to subsidize gasoline in the U.S. every time the price spikes a little bit. This is a disincentive that fights the need to get on with the search for true alternative energy production, and prolongs the life of the gas guzzling vehicles many Americans drive.