Everytime we *ran* out. Our ancenstors, who survived to produce us, never ran out. This is called survivorship bias.
The Deep Hot Biosphere: The Myth of Fossil Fuels https://a.co/d/aZZRUeR
Saifedean talks about the scarcity of energy in his book Principle Of Economics:
https://podcasts.apple.com/ca/podcast/the-bitcoin-standard-podcast/id1403202032?i=1000618463131
Aka everytime we “run out” the market forces the discovery of new reserves.
Hydrocarbons are not dead dinosaurs that makes no sense it’s an entirely different compound.
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