The Implications of Not Putting Up Front Capital Where It's Needed Most | 2min snip from The Great Simplification with Nate Hagens

right so I've been hearing a lot about you know you know phasing out economic phasing out fossil fuel systems through economic efficiency and everything I've seen so far has not been tethered to reality it's just not like like the people involved are not accounting for the mechanical logistical steps involved with that you know every year every passing year we've actually demanded more fossil fuels and yes we brought on renewable systems but what we've brought on has been overrun by economic growth and so underneath those renewable systems all fossil fuels have increased so I don't think we'll willingly do it what might happen is not peak demand but peak affordability is actually a nice way to put it I think we're going to run out of money right and we're just not going to be prepared to pay for those systems anymore because we'll have other priorities like food there's a rising tide of costs across the board for all levels of society it's not just people but it's the corporations as well you did some very nice work to show that the tight oil sector in the United States needs to have continuous drilling and needs are up front capital to do that and there was a period of time when they just weren't putting that capital in and I'm not sure have they actually sorted that out because it seems like yeah it's just that they're forcing the issue but they're actually sweating the deposit in an inefficient way for short-term gain this is the old band-aid on a bullet wound and so it's the implications of not putting upfront capital where it's needed most to managing our resources correctly in exchange for knee-jerk reactions for short-term solutions we run out of money and then that telescopes to everything else and it all grinds to a halt all at the same time so it's not peak demand it's a peak affordability for all levels of society at the same

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The Great Simplification with Nate Hagens

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