Tuesday, December 12, 2006

Brian Leyland vs the rest

more on the energy policy here.

I'm going with Meridian's boss on this one - we honestly have no idea what the long term cost-benefit of going renewables is. You can make a case that it will cost 20% more just as easily as saying that it becomes a comparative advantage and will save 25% over the long term. The house of cards stacks either way.
Just remember, the cost of oil has pretty much tripled over the last 3-4 years and the world hasn't ended (not to mention the US decided to spend a trillion dollars on a stupid war - how do you include costs like that on your economy projections?).
People are very smart when it comes to minimising cost - if energy starts to cost more, we'll figure out how to make it cheaper or use it better. It's probably the one thing you can actually count on.

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