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by magicalhippo 1876 days ago
I feel confident that if Norway stops pumping oil tomorrow, it would be pretty devastating to our economy. I also feel confident that other countries would increase production in response. Is that just an illusion?

I absolutely agree that we should focus a lot more on making new jobs that aren't oil-related, and stop investing in oil like we do. Oil is most definitely not the future, and we should push hard to make a transition starting yesterday.

That's not at odds with what I wrote above though. Reducing climate change is a global game of prisoners dilemma.

1 comments

I have a friend from Romania who works in your country...very hard and high cost of living... I personally would prefer your "economy" suffers some contraction so he can come home and help here while you guys "modernise" with all that oil money you have saved.... also your "global game of prisoners dilemma" metaphor (is disingenuous?) it ignores the real time reality climate cliff we are about to fall off... currently we need leaders not Stockholm syndrome followers... I mean isn't asking authoritarian regimes (Putin, MBS, Venezuela) to stop pumpinga pipe dream...?
> also your "global game of prisoners dilemma" metaphor (is disingenuous?) it ignores the real time reality climate cliff we are about to fall off

That's part of my point. Making an impact against climate change requires everyone to work together while sacrificing something, like the mutually best outcome for the prisoners.

However not following that path can be very economically beneficial to a country, at least short term.

Thus there's incentive to ignore climate change and not work together, like the example I gave earlier. If someone else will pump the oil that we won't and the oil is getting burned all the same, why should Norway take that hit? That's what the dilemma the prisoner has.

I mean, just look at how hard the delegations worked to get the Paris agreement signed. I mean, good thing they did but it was a fairly wimpy compared to what was and is likely needed.