Thursday, March 12, 2009

Technology Revisited

A friend provided me with this link: It's an American perspective. The author argues that technology will not improve the peak oil issue, on the contrary technology makes the situation worse. He basis this opinion on the Jevon's paradox.

He argues that the same holds true for conservation too. If an individual conserves another individual or the banks or corporations will use the saved energy to reap profits, such that the total consumption will not be reduced.

An all encompassing holistic mind-set change towards energy and according legislation is more important than savings through technology or conservations. Individual contributions will just be wiped out by current greed and profit thinking. Nonetheless, the individual conservationist will be better of and better prepared for the day when the oil really ends.

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