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Extreme energy, extreme implications : Comments
By James Stafford, published 26/6/2013If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources - and we are not getting the full picture from the mainstream media.
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So the worst thing we can do is constrain access to resources, raise the price of energy, or retard global economic growth, especially for the poorest countries and poorest peoples.
The best thing we can do is to promote free trade, access to resources, globalisation, reduce cost of energy, and reduce the impediments we have implemented that raise the cost of energy.
Clearly, pricing carbon and mandating and subsidising renewable energy are exactly the wrong policies if we want to minimise conflicts. Blocking free trade, thwarting globalisation, arguing to reduce Australia's coal exports are all bad policies.
And one of the worst policies of all is the impediments imposed on nuclear power.