|Yes, indeed: "Oil will be with us for some time."|
But at what cost? Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2014
We've begun a huge transition, about which it was said that the long term is clear and the short term, not. Recent Saudi action causing the price of oil to fall demonstrates this truth. As does coincident USD rise.
As reserves deplete, the increase in MENA drilling rigs and advanced recovery techniques has been noted by observers. For years.
Meanwhile, perceptions about alt energy and reliance on fossil fuels are distorted. Green energy -- the best of all alternatives -- continues to make welcome advances. But they pale when compared to energy currently derived from fossil fuels.
When will the energy balance tip? When will global use of green energy exceed fossil fuel use? One day. But at the rate of current progress, not soon.