Cheap Oil

To what extent is Oil Energy artificially cheap?

  • doesn't recognize cost of Pollution cleanup

  • doesn't recognize cost of military action to maintain stability in the Middle East

What are some of the effects:

Peak Oil

A friend pointed out that the end of Cheap Oil may solve Global Warming without us doing anything (else). Ouch.

Abiotic Oil - some people believe that oil is from non-organic sources, so it's not a Fossil Fuel! And that supplies are much higher.

Kevin Kelly notes the theory that Bacteria could play a role, and that Craig Venter and others are exploring the idea of engineering bacteria to make oil from other carbon gases, like Carbon Dioxide.

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