By Robert Lyman and Dr. Jay Lehr~
Consider other consequences of decarbonization.
All current production of fossil fuels would have to be phased out. The fuel-producing jurisdictions and countries, faced with economic disaster, might “push back” a bit. Further, as the imposition of regulatory restraints on fossil fuel consumption would undoubtedly cause the price of existing production to decline sharply, governments would have to centrally plan (i.e. totally control) virtually all parts of the energy economies in all the countries of the world.
It would be necessary to replace most of the world’s existing industrial and transportation infrastructure that now depends on fossil fuels; the costs of this would be in the many trillions of dollars.
Without crude oil, the world’s 50,000 merchant ships and 50,000 jets that are needed to keep the eight billion in this world healthy, would be grounded.
It…
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