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The Economy Stinks, and Dr. Doom is Not Hopeful
On with Kara Swisher
Are We Going to Get Worse? And What Do You Hope That You Got Wrong?
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I'm all in favor of decarbonizing and we've rightly bashed fossil fuels, but they've collapsed their own capacity of new production. That's why Brent Oil prices were already $100 per barrel before the Russian invasion of Ukraine. Mitigation means net zero implies negative economic growth with current technologies. Adaptation is too costly and geoengineering is frick science; those solutions are not. And carbon taxes, as I said, to achieve two, you need a carbon tax of $200 a ton. Is it inevitable? Absolutely not. Are the policies that are going to lead to prevented? Yes. But my view is those policies are hard to achieve. The question is, are we
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