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by civilian
3153 days ago
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It's _not_ just about an oil CEO. It's about everyone who uses energy. Gas tends to be a high percentage of poor people's cost-of-living, and cheap oil tends to act as a progressive reverse-tax. In cold climates, heating one's house is also closely linked to energy prices. When you hamper the economy, everyone loses a little. It weakens wealth creation slightly. We're at a moment in history where we're pulling people out of poverty, through economic growth. So any actions that limit economic growth need to be judged with a high bar. https://www.economist.com/news/leaders/21578665-nearly-1-bil... I'm not saying that we shouldn't do it, and if it is actually a 5% catastrophic risk then I think it would be prudent to take action at the cost of leaving millions of people in extreme poverty. But there is a trade-off, and it needs to be examined. |
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And even if energy prices rise slightly, the reduction of externalities will more than make up for those increased costs. It is well known that pollution from fossil fuels causes a variety of health issues. I would gladly pay a few more cents per kwh if it reduces my chances of getting cancer or heart disease.