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Kevin Hester's avatar

A truly superb piece of writing and analysis from Steve laying out the complexity of our predicament and the false dawns of renewables, that aren't renewables but effectively rebuildable, assuming access to liquid hydrocarbons, note the 'Catch 22' in that assumption.

Our predicament cannot be explained without understanding the Maximum Power Principle and Jevons Paradox, both hyperlinked in the excellent essay.

One further observation I'll make is that the IPCC's worst case Representative Concentration Pathways have Carbon Capture and Storage at scale built into their calculations, the problem being with that is the technology doesn't exist. Most CCS plants emit as much or more CO2 as they capture. Like Fission energy and SMR's they are all hype and financial boondoggles that over promise and underperform but are an incredible sink for taxpayers' money.

Self-delusion rules.

Added to my recent blog on "Overshoot".

https://kevinhester.live/2026/05/10/overshoot-our-unfolding-predicament-in-a-time-of-non-linearity/

Mish's avatar

I wish I could disagree with you, but apart from oil being more energy dense than natural gas (or did I misread what you wrote? And anyway, in the scheme of things that’s nit-picking (and I’m no expert)), sadly I’m afraid I believe you’re not far off the mark.

I highly recommend the analyses of the Ultimate Avatar of Balance here on Substack for deep-dives into this very subject with a focus on physics and thermodynamics, along with a detailed model that appears to stand up to some scrutiny. While I confess he’s far too clever for my little brain to keep up with, the general thrust [unfortunately] makes sense to me.

Your comments about the elites are also telling, in that they may be elites in a financial sense, but clearly they are clueless about what the future may well look like, and no amount of money will help them when the proverbial hits the fan.

Good work. Thank you for sharing.

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