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#508 - Nate Hagens - The World's Coming Energy Catastrophe
Modern Wisdom
How Much Should a Barrel of Oil Cost?
How much should a barrel of oil cost if you were to absorbin the millions of years of sunlight and all the externalities? Have you ever run that figure? There are people, let's first talk about coal. Coal cost around five cent a killa hour. And i don't know what price it would be, but an order of magnitude, ten times a hundred times more than it is to day,. For this stuff is like super magical pixy dust, indistinguishable from magic on human time scales.
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