Energy Finance and Economics Quotes

“conventional energy sources (while nonrenewable) will continue to be used for at least 50 years. Thus, if our definition of sustainable goes to 50 years in the future, conventional energy sources are sustainable. Indeed, because of the effects of financial markets, as the cost of conventional fuel increases because of its depletion, we can anticipate that its extraction will slow as it is replaced by renewable energy sources. Thus we can readily see the continued use of conventional fuels for the next 100 years—barring some type of unexpected scientific breakthrough.”
― Betty Simkins, Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy