Replies to post #113671 on Zeev's Turnips Talk Politics (ZTTP)

[n4807g]

He got this part right (except for the part where they'd gladly give up their jobs):

"I now work surrounded by biologists and environmental scientists, many of whom would cheer (even as they paid a heavy price in lost jobs and income) if the price of oil hit $100 a barrel, because they are in a panic about the consequences of our current profligate behavior. B) The jury is still out on the "Hubbert's Peak" or "Peak Oil" hypothesis, but the viewpoint is hardly silly. If it should prove to be correct, oil prices will rise, steeply-until we get serious about fostering the kind of changes in consumption and technology which are necessary, in any case (see A). To repeat: assuming that low oil prices are viable is very dubious at best, and at worst, constitutes a species of denial."

[n4807g]

He should talk to some economists who can explain why the value of any company with land rights that include coal reserves have doubled in the past 12 months. He'll probably want to jump in the oil patch once he figures it out.

[CoalTrain]

Disturbingly true. He misses one point about $100 a barrel oil. At that price every single country in the world including Western Samoa and Tonga will want several nuclear power plants.