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Like a lot of reddit posts, it seems like it was written by a slightly-precocious teenager. I'm not much of a singularity believer but the case is very weak.
"Declining Energy Returns" is based on the false idea that civilization requires exponential increases in energy input, which has been wrong for decades. Per capita energy consumption has been stagnant in the first world for decades, and most of these countries have stagnant or declining populations. Focusing on EROI and "quality" of oil produced is a mistake. We don't lack for sources of energy; the whole basis of the peak oil collapse theory was that other energy sources can't replace oil's vital role as a transport fuel.
"Economic feasability" is non-sequitur concerned with whether gains from technology will go only to the rich, not relevant to whether or not it will happen.
"Political resistance and corruption" starts out badly as the commenter apparently believes in the really dumb idea that electric cars have always been a viable competitor to internal combustion but the idea was suppressed by some kind of conspiracy. If you know anything about the engineering it took to make electric cars semi-viable competitors to ICE, the idea is obviously wrong. Even without getting into the technical aspect, there are lots of countries which had independent car industries and a strong incentive to get off oil (e.g. Germany and Japan before and during WW2).
This seems... (read more)