New Books in Science, Technology, and Society cover image

Deborah Gordon, "No Standard Oil: Managing Abundant Petroleum in a Warming World" (Oxford UP, 2021)

New Books in Science, Technology, and Society

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Oil and Gas

High prices for oil could lead to exploration of more unconventional hydrocarbons, he says. High prices do two things that are counter to each other: They create the signal for less demand and they drive people to buy electric vehicles. So what you need is an externality price where people will pay less for more impactful oil and gas than for consuming more overall. And i feel there's a lot of talk in and buill nordhouse won a nobell prize for it, im carbon pricing. We haven't been brave enough to do it," writes Bjorn Lomborg.

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