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Regardless, like MM said, our environment can't take another pounding with fossil fuel emissions. Even if there are oil reserves left, we shouldn't fucking use them, or we should use them very sparingly. This general attitude annoys me so much; we won't look for alternatives unless we've indefinitely used up all of the original.
Ethanol and fuel-efficiency research has perhaps 1/10th the funding it should have. Back to The Future said that by 2015 we would have flying cars that ran on garbage, so lets put Robert fucking Zemeckis at the head of the research team.
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We don't fund ethanol cause it's shit. Seriously. It's less efficient than oil, you need way more of it, it pollutes the atmosphere just with different gases, and it is impossible to use without fucking up car engines cause its so full of bio-crap. Petrol station filters need to be changed something liek 4-5 times as much as normal with biofuels cause of all the gunk in em. it's comparable to supermarket petrol in terms of the damage it does to your cars.
Fusion, electricity, and solar power. All currently impossible to use and all current versions are laughable, but theyre the only true alternative. Gonna need a lot of work on em though.