Climate Change vs. Peak Oil
by
revrick
10/10/2009, 5:37 PM #
It's an open question which will bring civilization to grief first, if we fail to act on these looming realities.
Recently, the Saudi oil minister declared what he saw as the right price for crude -- $75/barrel. That's his Goldilocks price. If it falls below it, investment in new, hard-to-get, expensive to produce/refine drops like a rock, which accelerates the day when demand will collide with the falling ceiling of supply. If it goes much above that price, credit markets swoon and the world economy goes into the dumpster.
Well, dealing with climate change has the same rock-hard place quality. Putting the brake on carbon emissions too hard (via some sort of enforced price/tax mechanism) and the economy goes into the dumpster. Just let the status quo continue and we may let loose all sorts of catastrophic consequences -- and dumping the ice masses of Greenland and Antartica into the oceans will be the least of them. Try the destruction of many agricultural producing regions and the acidification of the oceans for starters.
Prudence (that old-fashioned Greek virtue) dictates that we must assume the worst and act now to prevent it. Our choice is bite the bullet now or get shot by it later.