A ABN AMRO bank analyst said that oil would rise to 300$ soon.
I sincerely hope it does, there are enough technologies out there to create cleaner energy at lower price. Finally some money could be invested into research and hopefully researchers could master the nuclear fusion concept. Nuclear fusion could power jet engines safely and cleanly...the only issue is power containment.
Since fuel will no longer be needed , the aircraft could trade the fuel mass for a containment system of similar mass.
Imagine that one cup of fusion fuel could generate enough energy to keep a jumbo jet flying years without landing.
A nice article for those interested:
http://www.newscientist.com/channel/...ls/dn8827.html
That's what the $13 billion
ITER project is all about
: By 2016, a huge magnetic containment vessel (also known as a tokamak) is to be built at a facility in France. Researchers will use that tokamak to test their concepts for sustaining a fusion reaction.
ITER's schedule calls for 20 years of research operations - leading to the construction of a prototype for a
commercial fusion reactor, known as DEMO, and then actual commercialization.
Kulcinski is worried about the latter stages of the plan. Once ITER and its follow-up projects demonstrate that fusion power can be sustained and controlled inside a magnetic vessel, it's up to the parties in the project - the United States as well as China, Europe, India, Japan, Russia and South Korea - to figure out how best to get the power out.
"First you do the physics," Ned Sauthoff, the head of the U.S. ITER program, told me
back in March.
"You get yourself a burning plasma. Once you've gotten a burning plasma, then it's a matter for the politicians to decide, do they want to invest in the technology?"
If oil goes to 300$, they will have no other choice.