By late afternoon the heat had started coming off the yacht club. Kids were running around the tables, gulls were working the chips, and the water slapped under the dock. Nobody was sailing. Tony came back from the bar with four beers. “Forty-eight fucking dollars.” “Market forces,” said Mitch. “Fuck off.” “Supply and demand.” “There… Continue reading ¨Rare Earth”
Tag: substitution
Replacement
By 2030 the EU aims to generate 27% of its energy from renewable sources. However, the renewable-energy sector in Europe is heavily reliant on hydrocarbons for the supply of raw materials critical for the development of technology such as solar cells and wind turbines. http://ec.europa.eu/environment/integration/research/newsalert/pdf/chinese_supply_critical_raw_materials_pose_long_term_risks_european_wind_solar_industries_494na1_en.pdf
My ipadery
Was a tree hell, was a few hundred thousand trees old as heck and withered into coal or some other fossil fuel equally able to power the economies that dig it up. To create technology in a perfect market substitution is infinite and technology will create itself. through entropy
Ceteris Paribus 