vansig wrote:
As bio-fuels become economically viable, demand for fossil oils will soften, thereby extending life time of wells.
At present bio-fuels are only economically viable because fossil oils are so expensive. If demand softens as you predict then prices will drop and bio-fuels will become less attractive. Chicken and egg.
So we should set energy policy to dampen boom-bust fluctuations, then; and cause the switch-over to algae fuels to occur gradually.
We proposed that – the fuel tax stabiliser – but it got lost somewhere in the coalition. I’ll see if I can resurrect it in some form. :coolhmm:
