Tag Archives: Natural resources

Huge New Oilfields Discovered In Texas

Peak oil (so-called) is, as we’ve discussed here before, a fairytale of gigantic proportions, and this latest Texas oilfield discovery illustrates precisely why: We begin to know about a resource only when we begin to use the resource. Knowing about that resource includes a cursory calculation of its quantity. The more we use of it,…

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Natural Resource and Goods Theory

The two essential claims of the environmentalists, which I take for granted are already well known to everyone, are (1) that continued economic progress is impossible, because of the impending exhaustion of natural resources (it is from this notion that the slogan “reduce, reuse, recycle” comes), and (2) that continued economic progress, indeed, much of…

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