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On Peak Coal, when people throw around estimates that there are 200 years' worth of reserves at current extraction rates, they forget that at, say, 3% yearly growth of extraction rates there's barely 50 years' worth, and if coal starts picking up the oil slack the growth rate of use will be larger than 3%. We should worry about peak fossil carbon.
Or then again, maybe not. Burning all the fossil carbon is one of the stupides things we can do, climate-wise. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
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