Why Peak Oil Is a Dangerous Lie
The dominant idea that the world's oil supplies are a finite and known quantity is a dangerous lie that creates subsidies to protect consumers while climate change rages on.
What's the Latest Development?
The idea that oil is a finite and known quantity, and therefore given to ever-rising prices, is a dangerous lie, says Oxford economics professor Dieter Helm. The fear of rising energy prices encourages a political fix: oil and coal subsidies to protect consumers. The result is that exploration of other energy possibilities is discouraged since consumers, thanks to subsidies, no longer stand to benefit from a fall in energy prices. But new technology is essential, such as the shale gas extraction tools which have recently transformed the American energy sector.
What's the Big Idea?
The true danger, says Helm, is not that there is too little oil beneath the Earth but that there is too much. As climate change rages on, neither the renewable or nuclear energy sectors are capable of supplying the planet's energy needs but as long as fears about peak oil persist, government petroleum and coal subsidies will retard the search for short to mid term energy alternatives. Helm's prescription is to substitute gas for coal, roughly halving green house gas emissions, until more efficient alternatives open up.
Are university safe spaces killing intellectual growth?
Our experience of time may be blinding us to its true nature, say scientists.
- Time may not be passing at all, says the Block Universe Theory.
- Time travel may be possible.
- Your perception of time is likely relative to you and limited.
From questionable shipwrecks to outright attacks, they clearly don't want to be bothered.
- Many have tried to contact the Sentinelese, to write about them, or otherwise.
- But the inhabitants of the 23 square mile island in the Bay of Bengal don't want anything to do with the outside world.
- Their numbers are unknown, but either 40 or 500 remain.
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