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| quote: | Originally posted by trancaholic
Hopefully oil, nuclear fusion, and renewable energy sources will be able to sustain us until then. And hopefully the money needed for basic research in physics will be allotted. |
Yes, even if we run out of oil we still have nuclear fission to sustain energy demands for about 300 years. Combined with renewable sources, it'd probably last for at least 500 years or more if we discover more efficient ways to utilize renewable energy.
Hmm, well, that theory is good for infinite systems. This planet, however, has finite resources which makes the mathematical model inprecise at very low supplies. There have been situations where regions have ran out of resources without finding alternatives, and the most obvious example would be Easter islands. By the theory you mentioned, wood would become very expensive and people would come up with new ways of erecting statues and building boats. Reality shows that it wasn't the case, the whole society shriveled to prehistoric levels and stayed there until the arrival of European expeditions because of the loss of their primary resource. The current market will of course adapt because oil isn't the only available energy resource we have, but the whole situation may result in pretty big shocks and negative trends on the stock exchange.
PS. The proposed fusion reactor is not cold fusion reactor, cold fusion is still hypothetical.
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