DailyDirt: The Curse Of Oil

from the urls-we-dig-up dept

Having huge oil reserves can be an economic curse for a developing country. The natural-resource curse often produces oil-rich nations that are ruled by dictators and are so reliant on petroleum that its economic growth is hindered because all other industries are neglected. The prediction of the end of fossil fuels will come true someday, but the exact time of death isn't easy to forecast because improving technology seems to keep extending the useful lifetime of oil. Here are a few links on the topic of planning for a post-oil economy. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.


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    OldMugwump (profile), Oct 28th, 2013 @ 5:29pm

    90 years?

    90 years?

    How can anyone take seriously a prediction that depends on the state of technology 90 years from now?

    How much accuracy would you expect from a prediction of 2013 technology made in 1923?

    90 years from now people could be colonizing the moons of Saturn and using antimatter power - who the heck can say?

    This is just...stupid.

     

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    Anonymous Coward, Oct 28th, 2013 @ 6:19pm

    meh

    Norway is the top in health-care, education, and the economy because of its oil, if it wasn't for the oil it uses to subsidized its public health-care it would be last in Europe

     

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    bigpicture, Oct 28th, 2013 @ 6:20pm

    Re: 90 years?

    Yep, I'll buy that. The so called cold fusion or LENR or whatever other name they want to call it now is just one such technology that could displace a lot of oil in the next ten years. That is if big oil does not buy it up and shelve it.

     

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    Anonymous Coward, Oct 28th, 2013 @ 7:26pm

    Re: meh

    Yeah, Norway was a backwater third world nobody before they found oil in the 60s ...

    What are you, a dumbass?

     

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    Lawrence D'Oliveiro, Oct 28th, 2013 @ 7:44pm

    The Curse Of Nauru

    It’s instructive to consider what happened to the Pacific island nation of Nauru. The wealth wasn’t from oil, but from bird guano—the island was covered in the stuff, and it was extremely valuable as fertilizer.

    So everybody got rich, and spent up big. I think the place is still full of expensive US-made luxury cars today.

    Of course, they were vaguely aware that the guano would run out one day. But the citizens assumed their Government was preparing against that eventuality, while the Government assumed the citizens had the foresight to take care of themselves.

    So they woke up one morning to find the money had run out. So Nauru has gone from being filthy rich to being a poor Pacific backwater again.

     

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    anonymouse (profile), Oct 28th, 2013 @ 9:23pm

    from a research and development view, oil is a liability for the USA. we've pretty much reached the end of exciting hydrocarbon development, but the powerful oil lobby in our gov't tends to displace a distressing amount of potentially viable energy research and development.

    i love my internal combustion car (VW Jetta TDI, go diesel!), but am impatient to see some of the other techs emphasized...ie: gen 3 and 4 fission reactors.

     

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    Lawrence D'Oliveiro, Oct 28th, 2013 @ 10:45pm

    Re: but the powerful oil lobby in our gov't tends to displace a distressing amount

    Is this a more subtle version of the idea that the oil companies are secretly suppressing research into alternative energy technologies?

     

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    Earl Richards, Oct 29th, 2013 @ 2:11am

    Electric Cars

    To avoid the gasoline price, rip-off, plug your Tesla S, electric car into your household, solar array.

     

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    Anonymous Coward, Oct 29th, 2013 @ 4:45am

    Re:

    Fission is so yesterday ... and fraught with problems, but let's overlook that because there simply are no other viable alternatives.

     

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    Anonymous Coward, Oct 29th, 2013 @ 4:48am

    Re: Electric Cars

    You still pay for the use of gasoline, in the products you buy and in the pollution caused.

     

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    Anonymous Coward, Oct 29th, 2013 @ 5:44am

    Re: Re: but the powerful oil lobby in our gov't tends to displace a distressing amount

    They don't have to, they have politicians giving them more money in subsidies for oil drilling then we spend on research and development of all alternate sources of fuels combined.

    It's really dangerous long term overusing oil. If the entire world went back to burning wood to get heat, the world would run out of trees to burn within a year.

     

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    Anonymous Coward, Oct 29th, 2013 @ 6:25am

    Re: Re: Re: but the powerful oil lobby in our gov't tends to displace a distressing amount

    Well as long as the population keeps growing unchecked at some point not even tech will help us deal with it.

     

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    rawcookie (profile), Oct 29th, 2013 @ 10:13am

    Re: Re: Electric Cars

    The internal combustion engine may not be the best option moving into the future but it did save humanity from a very serious form of pollution. http://www.banhdc.org/archives/ch-hist-19711000.html

     

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    anonymouse (profile), Oct 31st, 2013 @ 2:44pm

    Re: Re: but the powerful oil lobby in our gov't tends to displace a distressing amount

    i wasn't really thinking of secret suppression by the oil companies, i was thinking of the economic principle of crowding out.

     

    reply to this | link to this | view in thread ]


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