Nuclear Fusion: the long road from dream to reality
paristechreview.com
paristechreview.com
There are many credible, practical, small fusion research projects poised to leapfrog the international megaprojects that are being grievously starved of funding and mind-share by those big lumps. http://www.industrytap.com/us-fusion-funding-call-change/267...
Fossil fuel depletion aka peak oil is a fantasy that's been heard for decades.
The costs of extraction are not increasing. Why do you think the fracking business took off - the costs to get to these previously untappable sources dropped.
http://static.cdn-seekingalpha.com/uploads/2014/10/695520_14...
The good news is at ~100-150$ it’s profitable to directly manufacture oil, but the price needs to stay there for years before companies will do the kind of investments needed to meet current demand.
PS: Oddly enough, on average extracting oil and turning it into gasoline is already a net negative in terms of energy due to all the extraction, transportation, and refining costs.
http://www.cnbc.com/id/102094881 has some numbers on regional break even prices.
http://www.reuters.com/article/2015/01/08/energy-bankruptcy-... oil bankruptcy filings also http://www.cnbc.com/id/102318531 "$68 a barrel is not economical for a lot of these shale oil wells. http://www.cnbc.com/id/102222911
Manufacturing oil: The new fuel is initially expected to cost around $3 to $6 per gallon, according to the U.S. Naval Research Laboratory ... “We've demonstrated the feasibility, we want to improve the process efficiency," explained Willauer. http://www.ibtimes.com/goodbye-oil-us-navy-cracks-new-renewa...
The peak oil fuss was certainly premature, we'll be extracting oil for many decades to come, but it is still a finite resource and new sources of production, including fracking, are proving more and more expensive to develop.