At some point, fossil fuel sales will stop growing. How soon? You can make the projections, the ones that start with overall demand, and the ones that look at each individual use of fuel. We suggest that you might assess their plausibility using a simpler technique. Years ago at an economic seminar, we witnessed one of the world’s greatest econometricians fill an entire blackboard (they had them then) with equations to explain the growth of the economy.
Another economist rose to say that he could explain the economy as well with five equations.…Are We Nearing A Fossil Fuel Turning Point?
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