Unfortunately, it's not going to work, and they will be ran out of business through the political will of the people, just as the tobacco industry is now having done to it.
You're not cool if you smoke, and you're not cool if you don't drive a Tesla. It isn't often that the right thing is also the cool thing; everyone involved should pat themselves on the back for a job well done.
* Ever fly in an airplane - thank oil
* Ever ride in a car or bus - thank oil
* Live in a cold climate and heat your home in winter - thank oil
* Ever use plastics - thank oil
* Ever buy something on Amazon and had it shipped to you - thank oil
* Ever buy something manufactured in another country - thank oil
* Ever use electricity on a still night - you should probably thank natural gas or coal
* Ever mail a letter - thank oil
If tobacco and tobacco products were suddenly unavailable tomorrow morning - the world would probably be a better place
If oil and oil products were suddenly unavailable tomorrow morning - it would probably result in the collapse of civilization as we know it and millions of deaths
Let's not pretend oil and tobacco have anywhere near the same pro/con trade offs.
NPR Planet Money recently did a series of podcasts about oil - it was pretty good. #4 was the episode where they talked a bit about what oil goes into: http://www.npr.org/sections/money/2016/08/19/490408060/oil-4...
That's wrong. This article compares the two because it seems both groups committed fraud via funding misinformation campaigns that had a goal of affecting legislation on regulation.
Extremists are the ones who cannot deal with the obvious negatives of oil along with the benefits.
Unfortunately, it's not going to work, and they will be ran out of business through the political will of the people, just as the tobacco industry is now having done to it.
Cool, and what's your proposal for an alternative energy source to power modern civilisation?https://www.scribd.com/document/320110894/Alex-Epstein-Moral...
Funny that the people who get labeled "climate deniers" are also the most pro-nuclear, while the loud environmentalists are the most anti-nuclear.
I frankly don't give a damn what they believe or don't believe, if they're going to solve the problem anyway.
We have several alternatives.
The only problem they have is that most of them are difficult to store in a self-contained moving vehicle that turns rubber wheels to move on flat blacktop.
So, we increase reliance on vehicles that turn steel wheels on steel tracks, and get their power from overhead wires.
Next question?
Woe to the bicycle commuter, I suppose.
Also, I think you forget there are huge chunks of the world where this is utterly untrue.
And I propose the e-bicycle conversion kits, generally for the price of a commuter class cheap bike the cost per watt of motor and cost per KWh lithium battery has been dropping by half every couple years. Today in 2016 you're looking at about two watts of motor power per dollar (so $500 kit would get you more than a horsepower, and riding on horseback seems adequately fast) and about $30 per mile of battery range so $500 of lithium ion should get me around 15 miles on a charge (depends a lot on speed, hills, how much you pedal, etc)
Of course the government is getting in the way with all kinds of regulation and outright banning in some more backwards cities (NYC, etc). But I don't live in a backwards city so no problemo.
Until 2016 I'm not going to ride a bike to work because I'll be all sweaty during the roughly two months per year the weather is good enough to ride a bike. However my son is very interested in the mechanical work of assembling an ebike conversion, and it sounds like a fun teen boy and dad project to work on together, so in 2017 I could slowly ride an ebike to work mostly sweatless. Its an interesting technological development. I have not gone beyond a couple hours of online research on this project, but I'm figuring for a couple grand, which isn't much, we can build matching ebikes.
Transport for the 1%! I'll just carry on with my bus. Some of them are already hybrid.
PM has been trading for more in the last 5 months than it has in the last 8 years.
Cool to who? Tesla ownership is a sign that you have money to spend but are not informed enough to purchase a vehicle that's worth the money. You might be cool in tech circles, but people that know cars will roll their eyes.
The #1 "victim" of a carbon tax is coal, which accounts for about 30% of our energy production. A carbon tax will redistribute this production to other sources, mainly natural gas (which emits 42% less carbon). Exxon does a lot of natural gas extraction, and virtually nothing with coal.
Exxon is also working on carbon sequestration technology. Which becomes a much more profitable business if there is a real carbon tax.
And as far as oil goes - a carbon tax has comparatively little effect on gas prices. $30/ton would be about 27 cents per gallon [1].
[1] https://www.uscleanenergyfund.com/articles/carbon-tax-simula... (disclaimer - I made this)
EDIT - After RT-entire-FA, I see they got to this point. But I think they are overcomplicating things with points #1,2,4,5. It's just good business for Exxon.
Not to say that society would not benefit, but it does make me wonder.
I have deeply negative feelings about Exxon for misleading the public on the dangers of fossil fuel combustion while having ample knowledge of that danger (they've known for 40 years). However, I'm a pragmatist; it's more important that we take steps which will move us off carbon-generating energy sources than it is to render punishment. If Exxon happens to benefit, fine. I'd be more pleased if their executives were convicted on criminal charges and the tax was implemented due to the overwhelming will of American voters, but this is fine too.
Of course, over here in the UK it's £1.10/liter, which is about $6.
And that's a lot more people who tend to be much poorer than even the poor rural Americans.
Find your reps: http://tryvoices.com/ Learn more: http://www.carbontax.org/
Source: I work at a tax policy nonprofit. Someone in the office probably would've mentioned it if such a tax were around the corner.
From the article, it looks like the current bill is "Climate Protection and Justice Act of 2015". I propose instead the "Save our Children Act". Hard to be against that.