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> the problem is that supply is running out. ...eventually. In the 19th and early 20th century there was a lot of people scared that coal was going to run out
by Prrometheus 18y ago
> the problem is that supply is running out.
...eventually. In the 19th and early 20th century there was a lot of people scared that coal was going to run out and torpedo the early industrial economy. Quite a few prominent intellectuals were worried about Peak Coal. It didn't happen. It COULD theoretically happen, granted. But technology grew to use different inputs and the price system gave people incentive to explore new deposits. We still have tons of coal.