NASA scientist and leading global warming alarmist James Hansen has written an open letter to President-Elect Obama, in which he wants to tell the truth on these important matters. There are some refreshingly candid quotes, but in the end it seems Dr. Hansen has fatally undercut his own position. …
Continue ReadingPhysical 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.…
Continue ReadingThe above link takes you to a story about how oil production has peaked, specifically, “The oil is almost gone. The hourglass is about to run out. It’s time to create a utopia.”
Realizing that no one on this blog is likely to take the Huffington crowd too seriously, but I guess there are those who do.
That said, can we encourage these people to move to a post-oil utopia, say, Somalia?…
Continue Reading