We frankly court disaster if these supplemental resources on which such high hopes for energy security and sustainability are pinned do not fulfill the high expectations. While all viable energies will ultimately have a role in meeting world demand, many of these sources are either in their infancy or face too many unresolved sustainability issues to serve as more than supplemental resources for some time. Just as the oil industry needs a long-term horizon, so do many alternatives."Court disaster." "Catastrophic." "In their infancy." These are logical statements for someone who represents the Saudi oil industry, but it sure sounds like someone is working hard to dial down expectations for anything that threatens the dominance of oil. You can watch Al-Naimi's comments here (starting at minute 9 in the video).
In years to come, if traditional energy supplies should prove inadequate because capital expenditure was curtailed due to unsustainable prices, unreliable indications of future demand, or hopes for a substitute for oil cannot deliver, such a supply crunch would be catastrophic.
[Source: New York Times via Domestic Fuel]
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