Third, no alternative practical replacement is available for such fuels…
There has been little incentive to replace fossil fuels because they are relatively cheap and plentiful.
and trends indicate that the major economies of the world will continue to use such fuels at rate which will
result in competition and conflict.
People and their aggregates, national economies, constantly “compete” for goods and services; this competition
is called “price.” Goods that are scarce and desired are valued more highly than goods that are cheap and
plentiful. The price mechanism thus creates incentives to increase the efficiency of production of scarce and
desired goods, as well as to conserve them, and to replace them with similar goods. When this occurs (actually,
it’s an ongoing process) the formerly scarce and desired goods become less scarce and desired, and the price
falls. This is the system of wealth-creation that has caused the unprecedented increase in human health and
wealth that began with the industrial revolution. As for “conflict” over fuel, that could happen, and economic
ignorance increases the chance of this.
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