Yes, it is very expensive, but what other option do we have? In an ideal world, we would have infinite cheap oil, but at the same time reserves are depleting, parts of the developing world are acquiring a raging thirst for it, pushing prices up all across the board. That's not to mention the ecological damage brought about by harmful emissions.
Realistically, I expect the cost will put governments off investing in the technology, at least until they come down to viable levels. We will continue to depend on oil for the forseeable future, with some investment in renewables, but token amounts. We'll find new sources of oil which should hopefully keep prices stable, but whatever happens, it's only delaying the inevitable. Eventually the price of oil will become prohibitive because there will be so little left. Are we really hoping that by the time oil reserves are depleted, some new energy source will be found?
Yes, it is very expensive, but what other option do we have? In an ideal world, we would have infinite cheap oil, but at the same time reserves are depleting, parts of the developing world are acquiring a raging thirst for it, pushing prices up all across the board. That's not to mention the ecological damage brought about by harmful emissions.
Realistically, I expect the cost will put governments off investing in the technology, at least until they come down to viable levels. We will continue to depend on oil for the forseeable future, with some investment in renewables, but token amounts. We'll find new sources of oil which should hopefully keep prices stable, but whatever happens, it's only delaying the inevitable. Eventually the price of oil will become prohibitive because there will be so little left. Are we really hoping that by the time oil reserves are depleted, some new energy source will be found?