In a recent ICSF/Clintel lecture dr. Lars Schernikau, a commodity trader, entrepreneur and energy economist, presented his views, backed up by hard science. His main point is: if investments in fossile fuels don't increase substantially, a prolonged global energy crisis and era of energy starvation will be difficult to avoid. We have overinvested in the "new economy", and underinvested in the "old economy".
He advocates research into new generation technology, while in parallel investing in conventional generation technologies until that new technology becomes feasible. He suggests that politicians should think again before current renewables-focused policies lead to energy blackouts.
See the full video: here