> Typically, outsiders cannot comprehend how the massive expenditures never manage to yield energy. Typically, insiders cannot comprehend how little is being invested in a project that presents such immense technical obstacles and also such potential. A graph commonly passed around among the insiders—an enduring scrap of twentieth-century budgetary ephemera—depicts the 1976 federal plan to build a working thermonuclear reactor. The graph tracks various scenarios for attaining fusion energy. The “maximum” effort, the most expensive up front, with initial spending as high as nine billion dollars a year, was projected to yield a reactor by 1990. The “moderate” effort, with spending never exceeding four billion dollars in a year, would take fifteen more years. The fusion community might be easy to criticize for its many unmet milestones, but for decades the United States has never come close to even the moderate effort. In 1977, when the American fusion budget was at its peak, government investment in the research, adjusted for inflation, was seven hundred million dollars; by 1991, this had fallen by more than half. It is now half a billion, not appreciably more than the Korean budget.
http://www.newyorker.com/magazine/2014/03/03/a-star-in-a-bot...
The chart was produced by Energy Research and Development Administration (ERDA), which was later subsumed into the Department of Energy and presumably represented the expert wisdom at the time. It can be found, in 1976 dollars, as figure 1 here:
http://www.21stcenturysciencetech.com/Articles_2010/Winter_2...
https://www.reddit.com/r/Futurology/comments/5gi9yh/fusion_i...
And in hindsight, even given optimistic plasma assumptions, fusion reactors would have been limited by materials and heat transfer issues. These render any DT-burning reactor problematic, independent of the details of confinement.
If that $X had been spent, fusion boosters would be complaining about the debacle of wasting all that money on tokamaks and how that undermined fusion research. And if we spent a newly-calculated $X and, years later, still didn't get fusion, the complaint would be exactly that managerial whinge that we just hadn't shoveled enough money down the hole (or down the right hole).
Pedantic point but also a reminder to avoid fatalism and that as well as extending R&D times, we can also reduce them (see: Apollo).
That being said, the schedule for first fusion is 2025 and D-T operation in 2035 (just under 20yrs). A lot of competitors think they will be successful (at FIRST fusion, not a generator for public use) before then. It is an interesting race.
I wrote that sentence in a 10th grade report on fusion, in 1977. Disappointing that it's likely still true four decades later. In another four decades it's up to you to make this comment.
On the other hand, so much has arrived that I never dreamed of in high school, though I consumed scifi obsessively. Not sure I'd swap the internet for cheap fusion energy. But not sure I wouldn't.