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Friday, May 10, 2019

#Climate Change Is Only Half the #Story - The Other Half Is Much #Worse


"History shows that the result of inadequate energy supplies is often collapse or a resource war, in an attempt to obtain more of the necessary resources" 
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The Climate Change Story Is Half True

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The climate change story is true is some respects: The climate is indeed changing. And CO2 emissions do seem to affect climate. Burning fossil fuels does indeed make a difference in CO2 levels.

The problem I have with the climate change story is that it paints a totally inaccurate story of the predicament the world is facing. The world’s predicament arises primarily from too little affordable resources, especially energy resources; climate change models tend to give the illusion that our problem is one of a superabundance of fossil fuels.

 


Furthermore, the world economy has no real option of using significantly less energy, because the economy tends to collapse when there is not enough energy. Economists have not studied the physics of how a networked economy really works; they rely on an overly simple supply and demand model that seems to suggest that prices can rise endlessly.



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