By James Freeman, June 7, 2024

It’s become common for some politicians to present a transition away from fossil fuels as similar to other historical transitions in which societies abandoned old energy sources in favor of new ones. But this time really is different. Consumers in previous societies embraced new technologies because they afforded easier and cheaper ways to sustain and enhance life. The contemporary mania is to abandon consumer preference and instead enforce a trade-down to uneconomical but politically favored methods of powering our lives. So it’s important to understand just how far the new government mandate and subsidy systems will travel away from…

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