Good thoughts. I have been adamant against the hate for fossil fuels and have said repeatedly we are no where close to ending our reliance on them. Technology is improving on alternatives and will continue to gain efficiency over time. Yes, they are currently reliant on subsidies, but I am hopeful that over the next 20 years technological advancements will lessen the need for massive subsidies.
"A lot more to do" on renewables implies that we should steer even more subsidies into an inferior technology. Renewables are inefficient, unreliable and a giant, bipartisan vote buying scheme. As someone who spends a lot of time in a middle-income country, the biggest problem the world's poor has is not enough access to fossil fuels. Bizarre displays of corporate virtue signaling leads to carbon offsets, aka paying other countries to not develop their natural resources so that they remain undeveloped and poor.
This is a good review of an impressive book. The book notes how, when you never mention the benefits of fossil fuels, indeed they look bad. When you factor in their benefits, you quickly realize all of our wealth, improved longevity and quality life are a direct result of them. Switching to renewables is not a one-for-one swap but rather a huge step backwards.
Good thoughts. I have been adamant against the hate for fossil fuels and have said repeatedly we are no where close to ending our reliance on them. Technology is improving on alternatives and will continue to gain efficiency over time. Yes, they are currently reliant on subsidies, but I am hopeful that over the next 20 years technological advancements will lessen the need for massive subsidies.
"A lot more to do" on renewables implies that we should steer even more subsidies into an inferior technology. Renewables are inefficient, unreliable and a giant, bipartisan vote buying scheme. As someone who spends a lot of time in a middle-income country, the biggest problem the world's poor has is not enough access to fossil fuels. Bizarre displays of corporate virtue signaling leads to carbon offsets, aka paying other countries to not develop their natural resources so that they remain undeveloped and poor.
This is a good review of an impressive book. The book notes how, when you never mention the benefits of fossil fuels, indeed they look bad. When you factor in their benefits, you quickly realize all of our wealth, improved longevity and quality life are a direct result of them. Switching to renewables is not a one-for-one swap but rather a huge step backwards.
https://betonit.substack.com/p/read-fossil-future
Thanks for the excellent newsletter. Keep up the great work.