[Marxism] The uselessness of the term "peak oil"

Tom O'Lincoln suarsos at alphalink.com.au
Tue Jun 10 16:53:11 MDT 2008


David

Iin response to this:

>>the Australian gov't which hasn't faced up to reality that
if every coal plant there was nuclear, they wouldn't have to panic over CO2
since they effectively wouldn't be producing any and they could take a 
slightly
more leiseruly, and less rhetorical, approach to curving what would 
obviously
be 50% less CO2.<<

I don't think there is a lack of "facing reality", it's just a capitalist 
reality. The biggest issue isn't domestic power supply but the fact that 
this country is a major coal exporter. Which means if the world moves away 
from coal they have a problem. On the other hand, if they can make carbon 
capture and storage work, they think they can sell that to the world too, 
solving their problem and making more money at the same time. So they are 
really betting almost everything on this, though as you say it's far from 
proven.

It is also true that in the state of Victoria (Melbourne region) the economy 
is built around cheap energy from dirty brown coal, but the problem here 
(apart from us silly people who resist nuclear power) is the sunk investment 
they'd have to write off. This leads to R&D funding for ways to make it 
cleaner.








More information about the Marxism mailing list