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From a game theoretic perspective - fossil fuels will be depleted. Even if the US reduced its consumption to zero, other countries, as independent players that
by gpt5 5y ago
From a game theoretic perspective - fossil fuels will be depleted. Even if the US reduced its consumption to zero, other countries, as independent players that want to maximize their benefit will be glad to take over and enjoy the effects of reduced demand and price.
This means that there are two ways to deal with it:
1. Force all countries to reduce use. To make this really worldwide, this can only worked by force, economical or military (i.e. a world cop). Unfortunately, even if we had that, it is not a stable solution since the short term benefits of using these fuels create constant political pressure.
2. Mitigate the emissions, for example by carbon sequestration. I'm a strong believer in technological progress and our ability to reduce the cost exponentially, the tricky part is to make profitable at any cost.
3. Direct the limited fossil fuel supplies towards economical uses that do not have the same negative impact. For example, by encouraging consumption of more plastics. Plastics essentially trap the carbon in the oil into a very stable form, essentially sequestering the carbon in the oil without first going into the atmosphere.
- Wowfunhappy 5y agoPlease expand on #3, as I’m sure you’re aware that’s very much the opposite of what’s commonly said!
- speedcoder 5y agohttps://rumble.com/vh9js9-george-carlin-these-white-bourgeois-liberals-dont-give-a-sht-about-the-plan.html https://rumble.com/vh9js9-george-carlin-these-white-bourgeoi...
- loufe 5y agoI don't think even my great grandchildren would see the end of oil if we were to allow consumption to continue as it is today. There is an immense amount of reserves in the world. That being said, there is the option 4 which the EU and US are talking about right now: economic punishment. Adding a "you don't have a carbon tax" levy on imports is a good way to motivate other countries to adopt technologies and ways of thinking that the rich countries of the world are pioneering for high quality but low carbon lifestyles.
- gpt5 5y agoThat’s option #1 above. The problem is the instability of it as economic incentives continuously push you in the direction of increased consumption / changing public policy.