Oil
June 12, 2008
Most economist project oil to remain at, at least 80% of the energy consumption well into 2030’s.
Here is how the Wall Street Journal lays it out:
Plug-in cars are claimed to be in mass production by 2011. The energy used to pump those new electric beasts will come from the local power plant. It of course will be much cheaper than the current price of gas.
The drawback? Energy has to come from somewhere. Power plants must squeeze out more electricity to now meet those plug-in needs. The unfortunate part here is that most plants can’t output that much energy. This means they will have to build more, thus creating more greenhouse gasses. They will inevitably pass current greenhouse output standards. Causing more harm to the environment along with the enormous tax penalties.
Energy isn’t free.
