The fact that oil companies are reluctant to invest in their own giant carbon reduction projects speaks volumes about how they view their longevity. If anyone understands the economics of peak oil, it’s them.
Where that got us was a pretty high standard of living, remember when you could buy houses in Palm Springs for 200k? Then we took it for granted and began introducing capital flight.
Where that got us was a pretty high standard of living, remember when you could buy houses in Palm Springs for 200k? Then we took it for granted and began introducing capital flight.