04 December 2004

Peak Oil

"At this point, it could take years for alternative technologies to come online, no matter how much economic incentive there is--and meanwhile, since oil demand is relatively 'inelastic,' the price of oil will be bid up until it slows the global economy enough to reduce demand. That's an ugly picture."
Responsible Nanotechnology: Molecular Manufacturing vs. Peak Oil:

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A review of Faithful Exchange

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