Another great article on energy
Sustainability is a myth. Our global economy uses energy to process limited natural resources into high entropy waste and heat. Entropy represents dispersed mass and energy unavailable to create physical work. We consume almost 1 kg of natural resources for every $1 of goods and services, which also requires 1 kWh of energy and releases 0.20 kg of CO2.
Many environmentalists today are concerned with a single aspect of energy, CO2 emissions from burning fossil fuels, and ignore energy reliability and cost. Industry, commerce, and transportation require reliable, low-cost energy to operate factories, computers, mines, smelters, railroads, ships, and services. Companies move to countries where energy is cheap. The Ukraine war energy cost spikes illustrate the importance of energy.
Society needs to optimize the economic system in which we all live, balancing lowered CO2 emissions, energy reliability and cost, and natural resource consumption. Energy is the lifeblood of the economy, and natural resources are its food.
There is no such thing as sustainability. The mere fact that we consume resources means that this cannot be. The more reading and research I do into the subject of energy the more I realize that it is the most important input for our survival.
There is a gross misunderstanding of what it takes to build and maintain a civilization. People have abdicated their future to a class of people that woefully ignorant of energy and its necessity for life. Great article and I will hopefully be linking to more of the sources I read to educate myself and which ultimately give me an edge in my investing.