Sometimes I want to reply to some SA posts and articles with nothing but quotes, and links to these:
Thou shalt not commit logical fallacies
example:
Your logical fallacy is slippery slope
i get a chuckle out of this site quite often.
on a separate note,
Objectively, the jury is still out. And there's no question that much treasure has been wasted pursuing what are still, mostly, cost-inefficient green technologies and untried start-ups in high-tech, capital-intensive fields like battery, solar cell, and car manufacture.
objective1 I see your point, but the choice of words is a bit deceiving. Treasure elicits the image of a huge proportion of the asset base, which is inaccurate and an appeal to emotion about the value of the money spent. In perspective - there is 1.8T annual spend on military and armament worldwide. 400B spent on advertisement. ExxonMobil annual *Profit* is 40B. Until we are spending more or less that amount of money, yearly, it is still a petty excuse for investment at both national and international levels.
"...since the mid-1990s energy R&D has accounted for only about 1% of all federal R&D investments." and renewables a cumulative of ~20B over the last 50 years!
Source: US DOE Report on U.S. Federal Investments in Energy R&D: 1961-2008 (
Link)
The report goes on to describe how this energy investment, in turn, breaks down into basic, nuclear, gas, renewables, etc R&D. Remember this 1% also pays for reactor research, grid tech etc.
This is why I think the whole line of debate that green/renewable R&D is a 'significant expense' is false. (admittedly the data above is US only but I'm assuming the global R&D isn't orders of magnitude higher) Yes it is inefficient, risky, fraught with mismanagement, wildly experimental in business models, and exposed to sabotage - but for all its flaws it's not a significant investment from the perspective of civilization's portfolio.
Also, there is no good data I have seen that compares the capex of these technologies to the capex already sunk and being added on top of the non-renewables. Seems the latter should be more under scrutiny, we invested a lot of money on rigs and pipes on stuff that's going to run out.
There's over 3 million oil rigs in the world that will have to start finding alternate uses. Exxon Mobile alone has total assets for US$ 349.000 billion & Total equity US$ 154.396 billion.
That is a BUNCH of superchargers and then some.