Quote:
Originally Posted by polak
Wouldn't be so stoked.
That would make all the stuff in the ground up north pretty much worthless.
Free energy would likely put the world into the largest recession ever recorded. Every single person that works in any energy related field would be out of a job. Not just Oil but everything, every step of the way.
It would have to be implemented very slowly.
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The switching costs from a hydrocarbon economy to a fusion economy will be massive. Someone needs to build all those reactors, vehicle recharging stations, replace the world's entire fleet of hydrocarbon-based transportation. In other words it's a huge opportunity that will generate a large amount of economic activity. But you're right, those benefits will be at the expense of economies that depend on oil.