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June 29th, 2005
Studies, Urgency, Bad News
Abstract:
Mike Treder: ... whether we reach "peak oil" in three years, five years, or ten years, it won't make much difference. As soon as demand begins to exceed supply, the petroleum economy (also known as the world economy) is in for a shock. Rising prices and declining lifestyles could be just a small part of the overall impact.
CRN has written before that "we could have just a few years in which to design and ramp up a new trillion-dollar infrastructure. The only way to do this without severe economic pain is large-scale, general-purpose, exponential manufacturing. And the only technology that appears to fit the bill is molecular manufacturing of the mechanosynthetic variety."
Source:
Responsible Nanotechnology
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