Too much have been written about the bad effect on us, so much so I decided to think. In these sort of circumstances, the doomsayers will add onto other doomsayers and create a downward spiral, and in the end, people may just very well say the end of the world is tomorrow. 

Time and time again, people have forgotten the key to human success as a race is our very own ingenuity and will to survive. I believe if oil prices were to maintain at current level of USD140/barrel or more, the positive impact will be, alternative and greener fuel will be commercially viable much sooner. Remember Thomas Malthus, in 1796 this English bloke wrote a book talking about the world will eventually run out of land to produce food for the growing population. People need to eat and also to have sex resulting in more babies and more mouth to feed. People grow in geometric progession and food grow in arthimatical progression (remember our add-math? ). Anyway he has been proven wrong, the world population probably have grown 10 times more but the land for food cultivation has grown much lesser. It is understandable that he made such an assumption because he was born 100 years before the industrial revolution. The productivity per hectare of land has grown so much since then, with better farming equipment, irrigation, breed, pest control etc.

The high oil prices have motivated businesses and government to build and experiment on solar, wind, tidal or even fusion energy. Most of these projects requires huge investments because they are new and not in mass production yet. It is now commercially viable. Coupled with the gloabl fear started by Al Gore’s famous ‘An Inconvenient Truth’ I guess it all will come to a happy ending.

Burning fossil fuel actually has a very high cost if we were to include the price of cleaning up the environment caused by the pollution. We are just deferring such expenses to our future generation. I think it is up to us now to do something about it, and the high oil price could just be a blessing in disguise.

Its about time….

This entry was posted on Sunday, June 8th, 2008 at 9:27 am, filed under Investments, Business Development Idea, Personal Experience, and has been viewed 244 times You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.