There is a load of decent scholarship on this, not all of which agrees on elasticity of demand for oil and gas, but it's not simply a 1:1 substitution.
December 4, 2024 at 2:42 AM
There is a load of decent scholarship on this, not all of which agrees on elasticity of demand for oil and gas, but it's not simply a 1:1 substitution.
If you think it's as simple as "someone else will just produce it" I don't know what to tell you. Not how oil & gas markets work in practice; possibly at the root of your dismissiveness of concerns over permitting reform?
December 4, 2024 at 2:42 AM
If you think it's as simple as "someone else will just produce it" I don't know what to tell you. Not how oil & gas markets work in practice; possibly at the root of your dismissiveness of concerns over permitting reform?
Agree to disagree! If there's no pathway to do it in one of the wealthiest countries in the world that's historically benefitted the most from fossil fuel production, there's no pathway anywhere and we are headed for disaster no matter how much transmission you build.
December 4, 2024 at 2:35 AM
Agree to disagree! If there's no pathway to do it in one of the wealthiest countries in the world that's historically benefitted the most from fossil fuel production, there's no pathway anywhere and we are headed for disaster no matter how much transmission you build.
I'm not trying to toot my own horn, but I've helped shift tens of billions *annually* in catalytic public money toward clean energy. I love renewables!
The truth is if we only promote RE and fail to kneecap fossils, we're still screwed – big picture, climate science is unequivocal on this.
December 4, 2024 at 2:31 AM
I'm not trying to toot my own horn, but I've helped shift tens of billions *annually* in catalytic public money toward clean energy. I love renewables!
The truth is if we only promote RE and fail to kneecap fossils, we're still screwed – big picture, climate science is unequivocal on this.
In what sense? Because I implied that making an argument about fossil fuel production in the US is simplistic if you're not considering elasticity of demand? Please enlighten me.
December 4, 2024 at 2:23 AM
In what sense? Because I implied that making an argument about fossil fuel production in the US is simplistic if you're not considering elasticity of demand? Please enlighten me.
You're missing the point. That ROD would not have existed but for NEPA litigation which spread across years and bought time for the economics to turn against coal. What do you think many of our NEPA arguments are based on? Economics. But what do I know about an issue I've been directly involved in?