Thursday, July 3, 2008

Airbus And Boeing Face A Dark And Painful Future

When you google 'Airbus Boeing Peak Oil', the top result is this article [Why Airbus and Boeing will soon go bust] that Kristen Lagadec wrote in the summer of 2006.

Hard times for airlines

First an important premise: there are no serious alternatives to jet fuel for airliners. And even if there were, they could never be cheap in a world of expensive energy. The problem is not that oil is scarce: the productionhas never been this high -- that's why we call it Peak Oil. The problem is that energy supply is not meeting global demand: until demand abates, any type of energy will end up costing the same, be it classical kerosene, gas-to-liquid synthetic jet fuel, or biodiesel.

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