Interesting article, I've never seen it put in terms of reserves committed to by companies.
Quote:
Originally Posted by Azure
So where exactly will the change come from?
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Good question, not having an answer (or even if there is no answer) doesn't invalidate the problem, that would be an appeal to consequences fallacy.
EDIT: We're basically expecting society, which has almost never demonstrated an ability to act in its own best interests, to transition from an oil based society to something else. Our whole society is founded on the premise of cheap energy and continued growth. That's why overall I'm pessimistic. I'll cheer for humanity, but we're not going to win the cup this season.