* Chu believes that efficient use can delay peak oil and gas production (taken together) by roughly a factor of 2, so he doubles the solution time. As Mark Hertsgaard reported in The Nation on December 16th, 2008, Chu assumes we have 20 to 80 years before oil & natural gas shortfalls cause problems.
Chu’s optimistic calculations also explain his curious lack of knowledge and concern about the oil (and natural gas) markets. As the nation’s chief energy scientist, he looks only at the very long term. He does not concern himself with what may happen 5, 10 or even 15 years from now. Chu wants to sponsor nifty, cutting-edge science. He does not want to engage in the thankless, difficult work of finding practical ways to reduce America’s oil consumption.
NVDL: Seems like this guy has bitten off more than he can Chu.