1/ Exactly my criticism MT @joeld: @MorlockP @mattfrost @jneeley78 @pegobry it’s not a financial proposal.
2/ seconds of work:
300 B tons http://www.eia.gov/energyexplained/index.cfm?page=coal_reserves …
$60/ton http://www.infomine.com/investment/metal-prices/coal/5-year/ …
= $18 trillion
@joeld @mattfrost @jneeley78 @pegobry
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@mattfrost@joeld@jneeley78@pegobry Indeed. Also NB: overstates price bc includes unproven reserves. But now we've got a cap! - Show replies
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@MorlockP Coal prices explode. Marginal coal beds not considered economically feasible suddenly become so. -
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@St_Rev Indeed. This is the huge (and obvious to anyone who has even looked at the cover of an econ textbook) problem. - Show replies
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@MorlockP Garder & more polluting to extract, and much dirtier to burn. Net effect: funding huge growth in extraction of dirty fuel. GJThanks. Twitter will use this to make your timeline better. UndoUndo
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