Quote:
Originally Posted by flstf
The conversion to alternate fuels is probably not going to happen on a large scale while oil is so cheap. I believe that when supplies dwindle and/or when the prices rise to the level where alternate technologies are profitable that innovative alternatives will be developed. Oil producers are wise to set the price low enough to keep this from happening as long as possible.
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Yes we have a winner.
Its market forces, not vast conspiracies that will drive this. Maybe its because I've seen enough of this type of dire prediction turn to naught, only to be replaced by another dire prediction that I'm not willing to swallow everything that is put before me. You want to talk about investment and money, urban sprawl is in the trillions in terms of investment, millions of homes and businesses, its not going to just dry up once gas prices reach a certain point. Part of me looks forward to this change, its going to be exciting to see what comes of it. Right now we are locked into a pattern based around the automobile, its not only cheap but its accepted and expected. You couldn't build a subburb based around public transportation if you wanted to right now, people wouldn't accept it. Now perhaps we will just find alternative fuels and the trend won't change, in fact thats the most likely scenario, but perhaps the whole transportation system will change.