The central environmental story of today is climate change caused by anthropogenic greenhouse gases, mainly CO2. Burning hydrocarbons like natural gas results in excessive CO2 emissions, impacting the planetary biosphere. Alongside environmental impacts from extraction like mining or oil spills, there are geopolitical tensions over oil distribution. The current cost of oil extraction doesn't include costs of addressing environmental harm or geopolitical stability. This highlights a flaw in economic theory - the true cost of extraction is not reflected in the price paid for oil.

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