The “Golden Age of Gas” Flames Out



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  1. Michael Clayton says:

    Sad. But of course the market forces are rational and all will be well in time.
    But that idea was stated by those economists in their great models which for decades treated technology as an “exogenous variable.”
    Guess what.
    Technology is disruptive.
    Markets are not rational.
    Coal will be around when oil and gas have been depleted 50 to 100 years from now. That when the new age of steam is what people will be gaming and modeling.

    Luckily optimized humans will live to 150 in the wheat fields of Nepal getting their electricity from Thorium nukes.

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