If there is one quotation by Obama’s new science advisor that every American should hear, it is this:
…“A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States. . . . Resources and energy must be diverted from frivolous and wasteful uses in overdeveloped countries to filling the genuine needs of underdeveloped countries. This effort must be largely political” (italics added).
Physical scientists are prone to viewing hydrocarbons as a fixed quantity. Being fixed, this volume must deplete with production. Extraction costs and thus selling prices must rise. The crisis is only a matter of when [“What will we do when the pumps run dry?” asked Paul Ehrlich and Anne Ehrlich in 1974 (The End of Affluence (p. 49)] . Physicist John Holdren is no exception to this view.
Reality is quite different from the hard science formulation, however. In a business or economic sense, mineral resources are not fixed, known, or depleting. They are created by entrepreneurship (“resourceship”) in a market economy where incentives are present and technology improves. Mineral quantities can and do expand over time as shown by time-series data of estimated world resources.…
Paul Ehrlich founded the neo-Malthusian movement with his 1968 bestseller, The Population Bomb, and John Holdren was an instant convert. In 1971, mentor-and-disciple wrote:
…“We are not, of course, optimistic about our chances of success. Some form of ecocatastrophe, if not thermonuclear war, seems almost certain to overtake us before the end of the century. (The inability to forecast exactly which one – whether plague, famine, the poisoning of the oceans, drastic climatic change, or some disaster entirely unforeseen – is hardly grounds for complacency.)”