[WSMDiscuss] The true price of oil

[gustave massiah]

Dear jay

you will find below a very exciting paper on the true price of oil
written by Maxime Combes and Nicolas Haeringer

I think it could of great interest for WSM Discuss

warmly
gus



---------- Forwarded message ---------
De : *Maxime Combes* <maxime.combes at gmail.com 
<mailto:maxime.combes at gmail.com>>
Date: ven. 8 mai 2020 à 07:03
Subject: The true price of oil
To: financialization <financialization_of_nature at rezisti.org 
<mailto:financialization_of_nature at rezisti.org>>


Fyi

---
Dear all,

Here's a piece that Nicolas Haeringer & Maxime Combes just published: 
"The true price of oil", which you can read here:

https://worldat1c.org/the-true-price-of-oil-ea337e76d679

"From a climate standpoint oil is a superabundant resource per se. We 
have too much, far too much, abusively too much oil. In this 
perspective, the price of oil, as a superabundant raw material regulated 
by financial markets, should therefore be zero — or almost zero. The 
true price of oil in the light of climate change is therefore its 
current price. This is good news, for the cheapest (and least 
climate-costly) way to store oil is to leave it where it is: in the 
ground; and the best way to stop investing in the exploration and 
exploitation of new fields, in the lack of public bans, is for its price 
to be fully depreciated.
(...)
The current period is in many ways a historic opportunity to redefine 
the economy, to finally turn our backs at fossil fuels, to begin the 
reconstruction of a new, just and sustainable economy. If we compare the 
impact of carbon-intensive stimulus packages to a just recovery based on 
renewable energy and justice, it is hard to overestimate the importance 
of what is at stake these days. The policies that are being developed as 
we write will largely determine what our climate will look like for the 
decades, if not centuries to come. This is indeed a moment of truth for 
the climate justice movement. We’ve often been mocked for being better 
at thinking about the end of the world than the post-extractivism era. 
Today, we’re being urged to think and build a future liberated from 
fossil capitalism, or else our world will eventually end up in ruins — 
the stakes are high, but this is worth the fight!"

Warmly,

Maxime & Nico
-- 

-- 
Maxime COMBES
maxime.combes at gmail.com <mailto:maxime.combes at gmail.com>
+33 6 24 51 29 44
*Twitter* : MaximCombes
*Mon blog* : *"Paris2015 : Changer le système, pas le climat !* 
<http://blogs.mediapart.fr/blog/maxime-combes> (en accès libre)

*Dernier livre paru : Sortons de l'âge des fossiles ! Manifeste pour la 
transition (Seuil, coll. anthropocène, octobre 2015)*



-- 
Maxime COMBES
maxime.combes at gmail.com <mailto:maxime.combes at gmail.com>
+33 6 24 51 29 44
*Twitter* : MaximCombes
*Mon blog* : *"Paris2015 : Changer le système, pas le climat !* 
<http://blogs.mediapart.fr/blog/maxime-combes> (en accès libre)

*Dernier livre paru : Sortons de l'âge des fossiles ! Manifeste pour la 
transition (Seuil, coll. anthropocène, octobre 2015)*

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