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by bertil 886 days ago
> economic upside of cheap energy isn't being accounted for

It is: we anticipate companies to operate “indefinitely,” which turns to a high market value. Banks sell that stock, pension funds store it, and their activity is accounted for.

What we don’t consider (in the GDP, company valuations, bank transactions, or any metric) is how the millions of people who will survive the first mass wet-bulb death event will react.