Comment: Technology is knowledge applied to resources.

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Technology is knowledge applied to resources.

For most of human history we had resources right under our feed but lacked the knowledge to exploit them. Today we have much more knowledge, but if we don't have the resources upon which to apply it, we don't have technology. Technology is a two part equation, and both variables are required.

So the belief that technology will somehow between now and 2030 will be salvation is more in the realm of a pipe dream than a viable solution. The current economic malaise has at its root the lack of sufficient cheap energy to fuel growth and that is a shadow of what is to come.

Tell me what source of energy that is scalable can possible give us the energy profits that oil, even at its higher cost now, produces today. What possible source could be implemented is the next 16 years? Where would the energy come from to build the infrastructure for a new source of energy, even if we could pull one our of our collective asses?

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.