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Well put. The ironic thing about all numbers-oriented folks in extractive enterprises (regardless of whether they're extracting natural resources, capital, or
by crispyambulance 8y ago
Well put.
The ironic thing about all numbers-oriented folks in extractive enterprises (regardless of whether they're extracting natural resources, capital, or labor), is their blind spot to the fact that ALL resources are finite. There's no "free-refill" when the big-gulp runs out.
- ewhanley 8y agoI can only speak to the minerals extraction industry (oil & gas, specifically), but they (we) are well aware that hydrocarbons are a finite resource. The industry as a whole is arguably short sighted, but it’s not because they think the supply of oil is endless.
- pixl97 8y agoReally a bigger issue is that huge amounts of hydrocarbons still exist to be tapped. Which then get turned into atmospheric CO2.
- XorNot 8y agoCoal is particularly problematic. Oil may peak soon... Australia alone has like 400 years worth of coal in known reserves alone. We won't run out of it anytime soon - we absolutely should not dig it all up and burn it though.
- dorgo 8y ago> ALL resources are finite Not in a world where matter/energy is conserved over time.
- krapp 8y agoThe Second Law of Thermodynamics would like a word with you...