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LOOKING GOOD
From here: How much innovation is necessary to see off fossil fuels?
Excerpt:
Governments slipping into complacency is old-hat. Times have changed, however, and complacency is not allowed in most modern nations. Governments may indulge from time-to-time, but when markets get very angry they love to give entire governments "reminders" about who is the "actor" and who the "audience" in the political-games they play. The actors are clearly those industrial-and-commercial entities that trade competitively. Country-governments simply watch the effort and the tax-funding it provides them.
And politicians are mostly concerned by the "piggy-banks", that is the taxation that offers them the financial means to do what-they-want-to-do.
Which is mostly spend tax-dollar receipts and "looking good" for reelection ...
From here: How much innovation is necessary to see off fossil fuels?
Excerpt:
“The stone age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.” That sounds like the oath of environmentalists opposed to the use of fossil fuels. In fact, the prediction was made by Sheikh Zaki Yamani, a Saudi Arabian oil minister who shot to prominence as the face of the Arab oil embargo of 1973. He was convinced that innovations in alternative energy sources and fuels would ultimately loosen oil’s grip on the global economy.
It has not happened yet. This year marks the 50th anniversary of the first oil shock. Far from innovating its way to a clean-energy future, the world slipped into complacency as the disruptions of the 1970s faded from memory. Oil, coal and natural gas still make up over four-fifths of the world’s primary energy supply. That addiction—plus a concatenation of war, policy mistakes and economic trends—has now inflicted another energy crunch on the world. Will this squeeze also be forgotten, or could it lead to an overdue revolution in energy?
Governments slipping into complacency is old-hat. Times have changed, however, and complacency is not allowed in most modern nations. Governments may indulge from time-to-time, but when markets get very angry they love to give entire governments "reminders" about who is the "actor" and who the "audience" in the political-games they play. The actors are clearly those industrial-and-commercial entities that trade competitively. Country-governments simply watch the effort and the tax-funding it provides them.
And politicians are mostly concerned by the "piggy-banks", that is the taxation that offers them the financial means to do what-they-want-to-do.
Which is mostly spend tax-dollar receipts and "looking good" for reelection ...
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