A blog about US politics has this comment:
The time for talk is over. We can't drill our way out of this and both his and Gore's plan point us in the right direction. We need to just do it.I got news for him. If we can't drill our way out of our immediate problems, there is no immediate solution. Why? It is a matter of logistics and infrastructure. Our experience with the transition from wood to coal and coal to oil is instructive. Those transitions took about 75 to 100 years. Why? Whole new methods of production and infrastructure had to be developed. It is a problem of capital and logistics. Take our automotive fleet. It turns over at the rate of about 6% a year. That means a 15 or so year transition period if ALL the new vehicles embody the new energy technology. Add in another 4 to 10 years for the design of the new vehicles and the development of the support infrastructure. Say the new technology is electric of some sort. We need to be able to produce 15 million automotive qualified electric motors a year. So before we can even get up to full scale production of the transition vehicle we need quite a few new electric motor factories. How about power electronics to control the motors? Say the typical motor had a peak rating of 50 KW. That would require 750 megawatts of control electronics a year. Which is no small amount. We don't have the capacity for it. It takes 3 to 5 years to raise the capital and build a new semiconductor plant. Just to get a 15 year transition we would have to build all the support industry all at once. That will take around 5 years provided we know exactly what we want.
Which just goes to show that nothing is impossible for the man who doesn't have to do it.
And this all assumes we know what supporting industries we should invest in. Now what happens if during this all out production effort some one comes up with something new that completely changes the direction we ought to head in? A lot of the capital invested in the ramp up will have been wasted.
Sadly we have gone from Scientific Socialism to Hope and Change Socialism. The original Scientific Socialism was bad enough. Hope and Change Socialism is definitely not an improvement.
There is no magic bullet. We are going to have to muddle our way through. Slowly. For as long as it takes.
There are a couple of things to do while working towards change:
1. Do not panic
2. Drill for more oil
Cross Posted at Classical Values