What about energy? It's true that if you look at most areas of technology they are advancing rapidly. Except energy. Energy has stagnated since the 1950s. I'm on the fence on this issue, but there are many very intelligent and knowledgeable people who are predicting a kind of anti-singularity: in the 21st century, fossil fuel depletion will send us way back, perhaps even de-industrialize most societies. Is our civili…
Note: I made a similar comment a few days ago. It seems that you might be slightly misinformed about energy. Since the 1950s, there have been a number of advancements in energy production. Some examples are efficient shale oil extraction, tar sands oil extraction, horizontal drilling, deep water drilling, and high Arctic drilling. As The Futurist discusses in depth[1], annual world oil consumption has been hovering a…
The problem is that this technical complexity takes energy. To really understand the "peakist" argument, you have to understand the concept of EROEI: Energy Return On Energy Invested.
Peak oil, for example, is not about running out of oil. There could still be tons of oil around. It's about EROEI reaching near 1:1. When it costs the energy content of a barrel of oil to get a barrel of oil, we are out of oil as an energy source. This could occur after only ~5% of the Earth's hydrocarbons have been extracted.
EROEI for oil has been steadily declining. The first oil drilled was, of course, the easiest to get. Drop a well and it spurts out. Almost all of that is gone outside a few supergiant fields, and those are or will soon be entering decline. Heavy oil, shale oil, and tar sands require a lot of energy to extract and process... far more than "light sweet crude."
All fossil fuels follow the same pattern. Coal and gas have not peaked yet, but they will... almost certainly in the next 50 years. Oil probably peaked in 2005, though it won't be possible to say for sure except ~25 years in retrospect.
I'm also aware of the thorium cycle, etc., but I am skeptical of the ability of such things to scale fast enough. Keep in mind that to maintain growth new energy technologies will have to scale faster than the fossil fuel EROEI decline curve.
I personally do not believe in the "doomer" scenario. However, I do think this: I think the first half of the 21st century will be dominated economically and technologically by the energy transition. The story of this era will be a mad rush to do everything we can to increase efficiency and build out new resources simply to tread water against the fossil fuel decline.
And of course our political class will make it worse by doing the absolute dumbest possible things: subsidizing oil prices to prevent price signals from working, going to war over dwindling oil reserves, interfering in the market for new alternatives, restricting new alternatives, NIMBYism against renewable and nuclear energy, etc.