Comment by morpheos137
2 hours ago
I never said HC economy is not without externality. However I do believe forcing HC substitutes before nature (depletion) forces them may be a net utility loss. The evidence is very thin a little sea level rise and a little temperature rise is worse for humanity in net than losing tecnological society.
They're not going to deplete, every time we make an estimate on that we just find more or more ways to extract. We just keep finding more. And if we did run out of oil and gas somehow, people with this mentality will just burn coal again.
Until there is a regulatory model which forces the externalities to be accounted for, it's just a race to the bottom.