a post about 3/4 the way down the comment section:
Some commentators seem to be missing the point of this piece. As I understand it, Tom’s point is that any form of new energy infrastructure which involves upfront investment is not going to happen, because the status quo is the only option with short term benefits. We’re not going to sacrifice the short term for the long term, ever.
This is why thorium reactors are irrelevant. The upfront cost of setting them up may be attractively low, but the upfront cost of sticking with the fossil fuel status quo is even better – it is zero – and so we will stick with the fossil fuel status quo.
Ditto improved solar. Ditto wind. Ditto more hydro. In fact, ditto everything. We will hold onto the status quo with a death grip until we have no energy left which we can afford.
This is why Tom is right to leave economics out of the piece, because the economics do not change this. Let’s say, for sake of argument, that fossil fuel prices go up on the supply downslope. The prices will go up even more if we’re trying to use some of that fossil fuel to create a new renewable energy infrastructure. The result is huge energy prices, and society will be under immense pressure to get those prices down. What to do? The quickest win is – wait for it – abandon the renewable energy infratstructure. That will relieve some of the pressure on the FF prices, and everyone breathes a bit more. So that’s why renewables will not happen. If the price of FF resources rocket, then society will savagely cut everything else to pay those FF prices. Tom’s argument therefore still stands.
top find on that link ralfy!


