Dinosaur economy: Headed for extinction Featured
Notes: The fossil fuel economy is a dinosaur for two reasons.
First it is based on resources that were formed before dinosaurs walked the earth.
Gasoline comes from oil that was created 300 to 400 million years ago during the carboniferous period. Dinosaurs went extinct about 65 million years ago.
Second, the fossil fuel economy is going extinct, just as the dinosaurs did.
Coal, oil and gas are limited resources that will run out. The impact of limited oil supplies are already being felt in the form of high prices. Added to this is the effect of CO2 emissions on global warming. Carbon Tracker reports that if countries act on their pledges to reduce carbon emissions, 80% of current coal, oil and gas reserves will never be used - they will be stranded assets.
We are living through the death throes of the Dinosaur Economy. And we're watching the birth of the new Clean Energy Economy that will depend on renewable resources like sun, wind and water.
The practical and moral response to this transition is to:
- Help the dinosaurs pass from the world with dignity and respect.
- Help the fledgling new clean energies to grow strong.
The Story of Stuff makes extensive use of the Dinosaur Economy metaphor.
Source: Urban Dictionary
May 29, 2012