Energy Policy

I looked at the scale of the problem, and I looked at our response (not much so far), and I came, broadly, to this conclusion. We might screw it up. Oh, it is possible that I’m underestimating human ingenuity, and that we’ll do everything right. On the other hand, it seemed like having some kind of contingency plan for a scenario in which we did not replace all our energy infrastructure rapidly, where we did face tight supplies, volatile prices and perhaps an economic depression, in part created by our situation was a good idea. … And I have to say, learning that [the IEA estimated] the decline rate is 9.1% makes me feel that my strategy has mostly been the right one. Because that’s a huge and shocking number.