....cont.
Finally, I was shocked and dismayed at the vitriolic anger displayed by Jed Rothwell in his hysterical rebuttal to the Mills article (same IE issue). It seemed to me that Rothwell had a personal axe to grind, as all objectivity was absent. He railed about there being a grave shortage of energy in two-thirds of the world, but he didn’t seem to realize that this is a direct result of government corruption. Unrestrained capitalism always works witness the rebirth of the Russian economy. With the advent of electrical power deregulation, the cost of electricity continues to drop in my home state. There are two reasons for this. First, unlike California, the State of Texas encourages business development and free enterprise. We have a surplus of electrical energy producers. Second, the Texas electrical (AC) power grid does not connect across state lines, so the federal government cannot step in and meddle in our affairs. Cold Fusion is not yet a qualified energy source, but a frontier science for exploration. Rothwell seemed agitated that there was no mention made of it by Mills, but neither did Mills mention the bottomless money pit of hot fusion. Mills was addressing proven energy sources, not laboratory experiments.
In 1990, the Malthusians lost a thousand dollar bet to the Cornucopians that the cost of five strategic metals would decline increase over a ten-year period [2]. (Like water, the supply of metals is in essence, inexhaustible.) Perhaps Rothwell would care to put his money where his mouth is and work out a bet between himself and Mills on the future price trend and availability of oil?
Energy consumption will continue to increase both domestically and abroad, as other countries throw off their socialistic shackles [3]. The populations of the Third-world will level off as they enter into an industrial-based society, just as was the case for America in the early twentieth century. Oil will continue to become cheaper and more plentiful. Optimistic predictions will always prevail over pessimistic ones. Readers who enjoyed Mills’ article will also find these references quite interesting:
[1] Thomas Gold, The Deep Hot Biosphere, © 1999, Copernicus Books, N.Y.
[2] Ronald Bailey, ECO-SCAM: The False Prophets of Ecological Apocalypse, © 1993, St. Martin’s Press, N.Y.
[3] Peter Huber, HARD-GREEN: Saving the Environment from the Environmentalists, © 1999, Basic Books, N.Y.
W Cantrell