When someone pops up with a way of challenging petrol as our primary source of energy I can’t help but have serious doubts. I don’t challenge the idea from a scientific point of view but rather from an economic one. I’ve not read much about economics but from the little I understand, a cheap source of endless energy would be impossible. Let me explain myself.
The most important thing on earth (and arguably in the whole universe) is energy! With enough energy you can do anything; you don’t have water, pump it from the ocean and desalinate it, no bananas in the North Pole, we’ll build a green house powered by a heater running night and day! The only important thing for these two is energy and once you have that you can do anything.
The term economics come from an Ancient greek word meaning “management of a household”. Management is required when resources are scarce but if energy becomes cheap and readily available, we don’t need to manage anymore; we just need to use! Imagine what this would mean; food and all sort of resources in abundance; no more poor coz anything can be manufactured at practically no cost. Can this be true? Come on, that’ll be heaven on earth, no more hardships,…. or rather a dream