Thoughts from Hans Noeldner:
Just in! Wonderful news from the Geological Society of America!
"Gasoline...will always be available at US$20 to US$100 (in 2006 dollars) per 3.8 liters, even if it comes from tar sands, cellulose, coal, or oil shale."
Cool, huh? Yes, you read it right, that's $20 to $100 PER GALLON, not per barrel. And not $3 to $100, not $8 to $100, but $20 to $100. Hmmm...what's the significance of that?
I have a hunch: at $20 per gallon or more, the lower 4/5ths of the US population will basically cease to use gasoline, leaving plenty in the ground for the upper crust to use for, say, the next 100+ years. And of course $20 per gallon isn't a drop in the bucket to plutocrats.
The source of the prediction is here.
Isn't it terrific that scientific organizations like the GSA receive public funding to make such bold and highly specific predictions?
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