The most critical problem we now confront is not global warming or how to tax emissions, but providing enough affordable fuel to avoid severe recession before alternative energy can become reality. The Lucky Country faces a choice between disaster and a unique opportunity.
Over the past two years climate all over the world has inexplicably begun a pronounced cooling. This is contrary to all expectations from global warming theory and growing other evidence is also indicating that the threat has been overestimated. However, the obsession with catastrophic climate change seems to have distracted attention from a much more certain and immanent danger. The oil supply vital to the entire economy is not keeping up with increasing demand while presently all focus is on renewable energy solutions that will require decades to develop and implement.
