Comments by "" (@TheDavidlloydjones) on "Why British Nuclear Energy Failed" video.
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Paul,
I had a lunch with the Japan head of Mobil Oil in 1977 at which we discussed what the Rockefeller Oil companies as a group had been doing to head off -- really, genuinely to solve the problem, long term -- in California in 1967, ten years earlier.
The actual laws needed, primarily cap and trade to ensure at least faintly efficient use of capital, should have been started in the 1960s. Here we are sixty years later. I'm 79 years old. And we still haven't gotten to step one.
Oil company interests? Nope. The oil industry of 1967, or 1977, or 1980, has vanished. It's been totally replaced, as has all of all other industries. It's just that we decided in the past sixty years to replace the bad with the bad, even though the oil companies -- or at least the main ones -- knew "This is no good and we've got to replace it with something different" way back then.
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