The Myths of Green Energy
Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is:
All debt is borrowed against future supplies of affordable hydrocarbons (oil, coal and natural gas).
Since global economic activity is ultimately dependent on a continued abundance of affordable energy, it follows that all money borrowed against future income is actually being borrowed against future supplies of affordable energy.
Many people believe that alternative “green” energy will soon replace most or all hydrocarbon energy sources, but this belief is not realistic. All the “renewable” energy sources are about 3% of all energy consumed, with hydropower providing another few percent.
Oil And Debt: Why Our Financial System Is Unsustainable zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Farmers, more than most, need to be future focused
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February 8, 2021 â 10.00pm
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The Age, email letters@theage.com.au. Please include your home address and telephone number.
MICHAEL McCORMACK
Farmers, more than most, need to be future focused
It is truly shocking that Michael McCormack, Nationals leader and deputy PM, said â. Iâm certainly not worried about what might happen in 30 yearsâ timeâ with respect to setting a climate target (âNationals back farmers over climate stanceâ, 8/2). Farmers, those whom he is trying to protect now, will certainly be worried about what might happen to their land and their livelihoods in a short 30 years time.