Sadly, as more smart people than me have said in the past, (way) more pain is needed until the mainstream (people, media, representatives) will be forced to face reality. Hopefully its only economical pain.
Great job (as usual) David. I have only one criticism of you and Joseph Mongilutz in this piece.....
You are both WAY too polite. The fools who have wrought these asinine policies and the destruction to human development and advancement that they have resulted in will pay no price for their folly.
These are the intellectual elites, who have the full confidence and belief that they are superior in every way to the commoners. These people dictate policy under a very strict doctrine of "Imagine a perfect world, then operate as if it exists." Evidence to the contrary is 'disinformation'.
Excellent commentary. Where I live there are quite a lot of I Stand with Ukraine Flags. One one them on the property of one of the Google Founders.......
They seem to have replace most off the Black Lives Matter signs. I wonder what that tells us?
We must always remember that the elitists and academics are much smarter than the rest of us. And we know this for certain because they keep telling us so.
Very well said. That’s a keeper to show younger generations when they ask what happened. I know no other author writing about the economy that uses an Alan Watts reference perfectly. Thanks for this post, it’s like taking the red pill.
I read Unsettled. It nails it. The standard deviation of forecasts makes projections impossible. Moreover, one does not have anyway of know what innovation takes along the way. Those who advocate Climate Change interventionist policies have no understanding of Statistics. The consequence of the war on fossil fuels is to make Middle East more dominant over time because the investment needed to deliver energy in the US has become condemned and big investors are being kowtowed not to support it. The only way forward is less transparent private equity. Maybe they can save the US from this dystopian future. Lets hope...
What I think people get wrong about renewables is scale. It is absurd to present this as a binary option. You need lots of metals and hydrocarbons to scale up to renewables being a significant and reliable source of energy. It has to be a realistic transition. Nuclear sentiment is changing but nothing practical emerging on that front yet. Consumption can not be the sole rationale for a political economy. A more material and less materialistic world ahead. Perhaps.
Great Job - as usual - Seconded. And to your author - Excellent Read Also.
In all my time I've never read this particular author.
That being said, in spite of his moralizing about the "Self Righteous West" (yes, I wrote that with a straight face) he does overemphasize the realities of Russia. The real issue with Russia is despite vast natural resources and a rather large land mass is their complete inability to use most of it (i.e. Oil, Natural Gas, Gold, Rare Earths) without Western Developed Technology (i.e. after the dissolution of the Soviet Union there was investment by Capitalist Western Companies that enabled the harvesting of those vast resources you write about) none of it will continue to be accessible once it breaks down. Also, the complete inability of any Authoritarian Nations (i.e. Russia, China, and any related "Friendly" Countries vs. "Unfriendly Countries") to develop and design most advanced technologies (outside of cybertheft). While I have few illusions about my particular Democracy (the USA) I also find it to be the most productive and least intrusive of the various forms of Government (that includes the Parliamentary Democracies popular in the rest of the West). Also, as you talk about reality what is Russia planning to do with the 500+ Aircraft it "nationalized" from the West (because Russia, like China) are incapable of designing, building, and SERVICING any Commercial Aircraft of its own. I don't want my comments to be interpreted as some unthinking, blind support for the USA - I understand we have multitudinous issues at many levels - its just that its hard for me to comprehend my life that I experienced here (and I don't come from wealth or privilege) could happen anywhere else. Jeff Goldman, US Air Force Lieutenant Colonel Retired, Delta Air Lines 737 Pilot, Retired
Let me add to many of these sentiments in saying that I greatly appreciate the boldness to call out what is. One of the reasons I enjoy your work. Good job by both of you. I also started on a piece regarding this administrations response to the oil industry, but frankly had put it on pause since your last piece on energy. You are saying what many others are looking for -- real solutions and calling out the obvious policy errors.
Sadly, as more smart people than me have said in the past, (way) more pain is needed until the mainstream (people, media, representatives) will be forced to face reality. Hopefully its only economical pain.
Great job (as usual) David. I have only one criticism of you and Joseph Mongilutz in this piece.....
You are both WAY too polite. The fools who have wrought these asinine policies and the destruction to human development and advancement that they have resulted in will pay no price for their folly.
These are the intellectual elites, who have the full confidence and belief that they are superior in every way to the commoners. These people dictate policy under a very strict doctrine of "Imagine a perfect world, then operate as if it exists." Evidence to the contrary is 'disinformation'.
Keep up the good work,
Kevin
Excellent commentary. Where I live there are quite a lot of I Stand with Ukraine Flags. One one them on the property of one of the Google Founders.......
They seem to have replace most off the Black Lives Matter signs. I wonder what that tells us?
Thanks for the courage to post the unpopular. We cannot face reality without thoughts and articles like this.
We must always remember that the elitists and academics are much smarter than the rest of us. And we know this for certain because they keep telling us so.
Very well said. That’s a keeper to show younger generations when they ask what happened. I know no other author writing about the economy that uses an Alan Watts reference perfectly. Thanks for this post, it’s like taking the red pill.
I read Unsettled. It nails it. The standard deviation of forecasts makes projections impossible. Moreover, one does not have anyway of know what innovation takes along the way. Those who advocate Climate Change interventionist policies have no understanding of Statistics. The consequence of the war on fossil fuels is to make Middle East more dominant over time because the investment needed to deliver energy in the US has become condemned and big investors are being kowtowed not to support it. The only way forward is less transparent private equity. Maybe they can save the US from this dystopian future. Lets hope...
What I think people get wrong about renewables is scale. It is absurd to present this as a binary option. You need lots of metals and hydrocarbons to scale up to renewables being a significant and reliable source of energy. It has to be a realistic transition. Nuclear sentiment is changing but nothing practical emerging on that front yet. Consumption can not be the sole rationale for a political economy. A more material and less materialistic world ahead. Perhaps.
Great Job - as usual - Seconded. And to your author - Excellent Read Also.
In all my time I've never read this particular author.
That being said, in spite of his moralizing about the "Self Righteous West" (yes, I wrote that with a straight face) he does overemphasize the realities of Russia. The real issue with Russia is despite vast natural resources and a rather large land mass is their complete inability to use most of it (i.e. Oil, Natural Gas, Gold, Rare Earths) without Western Developed Technology (i.e. after the dissolution of the Soviet Union there was investment by Capitalist Western Companies that enabled the harvesting of those vast resources you write about) none of it will continue to be accessible once it breaks down. Also, the complete inability of any Authoritarian Nations (i.e. Russia, China, and any related "Friendly" Countries vs. "Unfriendly Countries") to develop and design most advanced technologies (outside of cybertheft). While I have few illusions about my particular Democracy (the USA) I also find it to be the most productive and least intrusive of the various forms of Government (that includes the Parliamentary Democracies popular in the rest of the West). Also, as you talk about reality what is Russia planning to do with the 500+ Aircraft it "nationalized" from the West (because Russia, like China) are incapable of designing, building, and SERVICING any Commercial Aircraft of its own. I don't want my comments to be interpreted as some unthinking, blind support for the USA - I understand we have multitudinous issues at many levels - its just that its hard for me to comprehend my life that I experienced here (and I don't come from wealth or privilege) could happen anywhere else. Jeff Goldman, US Air Force Lieutenant Colonel Retired, Delta Air Lines 737 Pilot, Retired
Let me add to many of these sentiments in saying that I greatly appreciate the boldness to call out what is. One of the reasons I enjoy your work. Good job by both of you. I also started on a piece regarding this administrations response to the oil industry, but frankly had put it on pause since your last piece on energy. You are saying what many others are looking for -- real solutions and calling out the obvious policy errors.
good point.
Stunningly good article.