Quote:
Originally Posted by sendler
Why bother with renewables. Cornucopian demand will provide an endless supply of crude oil because we "demand" it.
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I bother with renewables because of economics. Free fuel is cheaper than costly fuel.
In economics, demand isn't defined as the collective hope of consumers, but instead the willingness of consumers to purchase at various prices. If something becomes more scarce, the price usually increases. The demand for a good or service decreases as price increases.
In other words, we don't need Castro to tell us how much lithium to mine, or where to look for it. Market forces will more efficiently determine these things.
