Buy a coal mine, drive a gas guzzler, and other uses of reverse logic
timharford.com
timharford.com
> Under the Landsburg system, the stalls still serve one seasonal treat a minute
Except what would actually happen is everyone who wants a widget stands around “not in the queue” until the person being served is finished, at which point there’s a mad rush to be the next person served. So basically the same thing that happens when there’s no queue :D
Classic economist solution!
Also, optimising for queue length only makes any sense in the described scenario if all stalls are owned by a single entity.
I'm not even going to touch the "only add something to your todo list if you are going to do it immediately" stupidity.
But if you are a bit more generous with its intentions, then there is something that really chimes with me about it.
I work in engineering support to oil and gas operations (but I'm sure this is applicable to many industries), and we have quarterly workplans and pretty fixed budgets. Of course our budget-holder typically asks us to do more work than we are able to deliver, so I will often have to say "this job does not make the priority list for next quarter, but we can do it the quarter after next?".
However, I've found a pretty good rule of thumb is that if a job was not high priority enough to win a place on the next quarter's to-do list then by the time the following quarter comes around, it will probably get bumped off the priority list by something else higher priority. In other words, our limited budget means there is always some 'cut-off point' where work that looks important is still not quite high enough priority (compared to our other work) to ever get done.
It is easy to 'form a long queue' by saying yes to work and letting it sit on our to-do list forever, but just slightly too low down to ever get done. But in our industry at least, there's a small overhead involved in just keeping that work around and passing the ownership of the task from person to person.
A more realistic rephrasing could be "if you're adding something to your todo list and it's not high enough priority to bump anything else, consider how much inefficiency it will cause long-term by it just sitting in your queue for months"
Maybe a little silly for your personal todo lists, but I think the idea has some applicability at a larger scale.
Just saying no and not pretending that you might do can also be helpful in other ways. For instance, you or someone else might then realize that to get something like this done, it needs to be made much easier to do.
I've personally just finished planting 450 meters of windbreaking bushes around my orchard. Now, I should have done that four years ago - but I came up with a fancier plan, to put it on top of an embankment, and it would get rid of some of the traffic noise, and I had a guy with lots of soil in spare - great plan, except that person was really slow to respond and was actually depending on another person, and I had to get the municipality to agree, and... as it turns out, the required level of social energy to push this through was just not happening for me in my spare time. So after four years, my wife made me scrap the idea, then I almost immediately realized that hey, I could just plant the damn bushes, and here we are, a few months later, and they're out there and looking great, eight different species, future homes of birds and other wildlife.
If there continuously is a queue, the stall owner doesn’t lose a sale when somebody walks away, and, if the owner is smart, doesn’t lose any produce, as they shouldn’t prepare more than they can, at maximum speed, sell before closing time.
No. Economics academia is an "emperor's new clothes" field. They generate enormous amounts of dense, complex-sounding literature, and most if it is as you describe. It's never practical.
Sometimes there are interesting models that help to understand things that happened in the past, but as a field, economics seems unable to predict anything that will happen in the future (even on a fundamental level) and therefore can't seem to graduate to the level of science.
The concepts raise the standard of policy development. Consider how much easier it is to discuss a proposal thanks to 'The Tragedy of the Commons'. Those few words serve as a shorthand for a dynamic. Without it you might need to spend half an hour stepping people through the dynamic each time you wanted to refer to it, and you would lose people along the way.
The “invisible hand” is also something that actually does exist and is straightforward to explain. It’s the tendency individuals making decisions in their own self-interest to find others with compatible self-interest as the motivation to make a trade. Every mutually self-interested transaction adds up to a total gain for the overall economy because each side makes the trade precisely because they judge the other’s offer to be of higher value to them. The key to demystifying the observation is the insight that “value” is a judgement made by individuals in relation to their own lives, not some inherent property that can be determined apart from individuals value judgements.
Most economics is quoted to try and score points in political debates where the lines are already drawn, conclusions already reached and people are mainly looking for tools to push their preferred solution. In such an environment, you might expect to see an enormous amount of very low quality economics content - probably full of motivated reasoning if you look for it.
It doesn't say much about the state of the field, more about how hard it is to find the field in amongst the dross. Eg, it is reasonably clear that most people writing about about Marxism or Keynesianism haven't read Marx or Keynes wrote.
Sometimes you can serve customers about as quickly as it takes for them to order and pay (e.g. hotdogs) and then there's typically no queue, or if you can't keep up and the queue is intolerably long like in this example, then they take your order and give you a number which gets called out when you're done.
This is exactly how a popular food truck would work at a fair, and you don't wait in a queue for ages, you mill around a bit and you come back when your food's ready.
He’s using it to explain reverse logic, and then moves onto the more practical application in a todo list (discussed elsewhere in the comment tree).
# For those who end up going home
For those who end up going home, a traditional queue is still more efficient.
In a Landsburg's queue, if you decided to go home, it must be that there has been too many people joined the queue ("the queue got full"). *Their arrival takes time*. You would have waited for quite some time when you decided to bail out.
A traditional queue, on the other hand, allows those who end up going home to choose to do so immediately upon arriving at the scene. You arrive at the scene, look at the queue, judge that it would take unacceptably long period of time before you can get served ("it's currently full"), and decide to go home. You never join the queue. You wait for zero seconds.
# Arranging early arrivals is important *Filtering for fans.* In the book _The Armchair Economist: Economics and Everyday Life_, Landsburg himself stated that some businesses would prefer to serve fanatic patrons over mediocre customers. In an ordinary queue, customers can prove their loyalty by *arranging to arrive early*. On the other hand, by attaching the probability of getting served directly to the probabilistic nature of when one arrives, a Landsburg's queue does not allow/support proving patronage with early arrivals.
*An ordinary queue is an auction.* One of the main arguments that Landsburg proposed is that an ordinary, first-in-first-out queue is inefficient because it is not a market. I disagree to some extent. Let's re-examine the act of arranging early arrivals. By arriving early, you sacrifice the liberty of arranging the day's tasks liberally, often risking postponing a couple of other chores to the next day and/or losing opportunities for spending the morning somewhere else. This *cost of flexibility and opportunity* is a bid[^1] for guarantee/priority of service. Yes, it's still not a market where you trade spots in the queue, but its auction-like nature makes it a much closer implementation than Landsburg's queue.
[^1]: Well, it's technically a payment, since you don't get your money back should you lose the auction (i.e., decide to bail out from the queue). However, since it's not a game of chance, I can't call it a gamble either.
That’s still a non-physical solution because you can’t actually operationalize that rule.
This suggests a far more effective strategy of first replacing the fleet with plug-in hybrids (PHEVs), then in a second stage, replace those with full EVs. For most city vehicles, a PHEV will electrify the majority of the miles with a fraction of the battery capacity.
Driving an EV is a green status symbol now. I wonder if they could in the future be viewed as "battery hogs".
The performance of pretty much every PHEV I've seen is abysmal. The people buying a Model 3 or Model S to replace their BMW or Mercedes aren't interested in something with the performance of a geo metro. So, while on paper a PHEV solution might look better, in the real world it would result in those people just going back to regular ICE. If you outlaw ICE/make those cars unavailable, you'll find plenty of political headwinds and set the entire movement back a decade IMO.
How many people take their cars to race tracks to be able to tell the difference in performance? If it can get to 70 mph in some reasonable time, which almost any production car can, then what more is there to ask for on a public road?
Is it necessary? No, obviously, people aren’t dying left and right trying to merge in Priuses. It is very noticeable, however.
It makes very little sense from my perspective. What am I going to do, cut someone off? Floor it and merge with no consideration for the trajectories of other vehicles?
It’s not that difficult, and I live in an area with notoriously short on-ramps. You’ve still got plenty of road to match the speed of the cars on the highway and shift your position so you land between two cars. Accelerating as you’re about to merge just makes that more difficult, especially with a short on-ramp.
Yeah, sometimes people don’t know how to drive and stop or slow down on on-ramps. I don’t care how fast my car can accelerate; if the person in front of me isn’t reaching the same speed as the cars on the highway, I’m going to stop much farther back on the ramp, wait for them to do their thing, and resume proper merging once they’re out of the way. I don’t want to have to deal with flooring it and trying to time everything while accelerating.
Merging is slow; I ended up flooring it and only reaching ~50 mph by the end of the onramp. Bay area ramps are, however, very short. Try the SB 101 Rengstorff ramp in Mountain View, it's horrible. In fact, that very ramp is why I replaced my 2002 Saturn LW200 with a 2010 BMW 135i in 2012.
The Prius also can't maintain speed up hills. I would engage cruise control and find myself dramatically slowing down on any uphill segment. By contrast none of my cars have this problem - the 2010 BMW 135i, the 2022 Chevrolet Bolt, and the 2000 Chevrolet Silverado all do just fine. Of the three, the Bolt is my favorite to drive.
That is, of course, not an indictment of PHEVs in general, just the Prius in particular. It's under-powered for unremarkable basic driving. Hopefully the Prime and other models newer than what I drove are better.
I have an auris which is mechanically identical to a Prius. I have not driven those exact roads but I have never struggled going up hills and it will hit 60mph from a standstill in just under 10s, so with a rolling start of say 20-30 getting onto the onramp you are at 60 or so in 6 or 7 seconds. If your onramps are so short that you can't drive for 6 or 7 seconds before merging, then I guess that is a different problem.
There is nothing in hybrid configuration that makes a car slow, if not faster, not just Tesla quickening but actually overall faster. It's definitely Prius product design problem that is creating an impression that hybrids are slow ugly cars.
Perhaps this is a cultural thing, but bad traffic here means stationary or less than walking speed. There is no need for hot rod acceleration in these situations!
While we can construct edge scenarios where a fast car can get you out of trouble (mostly when overtaking) I'm willing to bet that's a marginal effect that is trumped by the inherent danger of very powerful cars in the hands of inexperienced drivers - i.e 100% of the first time buyers who never drove one.
Seems more like a rationalisation for wanting a cool toy, "don't worry honey, those 500HP will mean the world when merging to drop the kids to school".
"I can't drive anything that does less then 3s 0-60s because <insert some flimsy reason>". If you want a fast car, just come out and say it. Driving a high performance car can be exhilarating - I have a second/weekend fast car for precisely the reason that I enjoy it, but I don't pretend it is required or that it is particularly responsible or socially acceptable to boot it away from the lights or go accelerate like shit off of a stick when merging with faster traffic. My hybrid does 99% of my driving, and the other is strictly a weekend guilty pleasure. I've never been in a situation in normal driving where the hybrid couldn't do something my weekend car would have handled (apart from just blow someone off at the lights if they have pissed me off)
The arguments here against PHEVs and EVs etc used to be towing speed boats up mountains every week (it was never made clear why people were taking speed boats up a mountain so frequently! Surely there is not much water up a mountain...)
I guess people need new arguments now that range and towing and charging are solved issues for 99% of people's needs.
I am sure someone will now reply about their journey out to meet their parents in the country with no chargers on the journey there etc etc... Did you try driving your speedboat there instead? :)
It’s the kind of thread that makes me really wish people on the internet would read what’s written, not what they’d like to think was written.
If you want these people to replace their 5s cars with hybrids you need to offer 5s hybrids.
These are readily available.
You’re looking at a PHEV that no longer exists.
6s to 62mph is pretty nippy - if you need faster than 6s 0-62mph then you are likely in a fairly small niche group.
Looks like the base Tesla 3 is 0-62 in 5.8s and 140mph top speed so pretty comparable.
The Benz starts at $54k in the US, that’s definitely model 3 performance territory.
Base Tesla 3 and base 300e appear to be mostly the same price and mostly same 0-62 performance at 5.8s and 6.1s.
The Chevy Volt was pretty sporty (damn the suits who killed it), and
https://www.youtube.com/watch?v=aI-DUULV1tE
>The people buying a Model 3 or Model S to replace their BMW or Mercedes
Well there's your problem. The fact that EVs are toys is making you think PHEVs are also toys. There are PHEVs currently on the market that can compete with the Ford Focus and the Honda Accord.
That's not a "joke."
Tesla is at the other side of spectrum when it comes to it, so they just put what they make because they can. They managed to set the benchmark for BEV so others follow them for BEV products.
I was terribly impressed; my car would've had to put more work in to do that.
Are you saying hybrids cost less than that?
The 2022 Bolt base price is $31k and it is no longer eligible for federal tax credits. In my state, EVs are partially exempt from state sales tax, but that just means the total price is something like $32k including tax (instead of $33.5k).
If Build Back Better passed, the Bolt would be eligible for a $12.5k federal credit, so I'd be looking at $19.5k. But that bill is stalled and the Bolt isn't even available to buy new right now -- GM halted manufacturing until at least February due to a battery defect.
It looks like a few states offer tax rebates of $3-5k, so that might get you close to $11k if you could get the dealer to knock a few thousand off MSRP, but I have no idea if that's realistic (and again, this assumes BBB or something similar passes).
Not only that, a subsidy that large would dramatically increase short-term demand without meaningfully increasing short-term supply. So either they would raise the price or they'll be sold out before you can buy one, e.g. because they all went to the friends and associates of the dealers.
It's a bit like microchips.
Vast sums (think tens to hundreds of billions) have been invested into the "machine that makes the machine". Cranking out engines at this point is relatively simple.
Path dependency is a very powerful force.
Look at diesel electric locomotives. They run the diesel only for power and they use the electric motors for drive. Why doesn’t this model work in cars and allow us to get rid of the transmission like a full EV does?
Gas engines have an optimal RPM. Why wouldn’t a hybrid run the engine at exactly that RPM to generate the best charge?
Instead, they are complex vehicles with EXTRA transmission like components.
The problem as I understand it is that California's regulations require that the range extender doesn't provide more range than the car's internal battery. How this ended up the case I have no idea.
Nissan e-Power system does exactly that, but requires full EV powertrain. Added cost. Also punishes transmission suppliers.
> Why wouldn’t a hybrid run the engine at exactly that RPM to generate the best charge?
Toyota THS system kind of does this. Output shaft is driven at a speed that is function of resistance and generator RPM and engine RPM thereby allowing RPM to stay in optimal-ish area.
The more I think about future drivetrains, the remarkable and more remarkable Prius starts to look for me - everyone hates hideous Toyota aesthetics and so do I, but Toyota hybrid system is rather ingenious and really something.
On power-split device hybrids, the hybrid system outright replaces the automatic transmission which is the true "insanely complex" component.
Yes, but this exists now, with the government handouts and tax credits. They overwhelmingly go to affluent people who need these things the least.
There are unsexy trades like replacing oil burning heaters for gas or wood pellet stoves but these often aren't viewed as green enough and the people who would benefit have no one advocating for them.
You get all of that with Graphene. It’s just a question of cost. I’m honestly shocked that they haven’t put them in the top end Tesla’s yet to showcase the technology.
There have been studies on how PHEVs are used in the real world and this is just not what's happening, see e.g.: https://theicct.org/publications/phev-real-world-usage-sept2...
>. Most PHEVs have type-approval all-electric ranges of 30–60 km and electrify 5,000–10,000 km a year. PHEVs with high all-electric ranges of 80 km or more achieve 12,000–20,000 km mean annual electric mileages, which is comparable to the annual mileage of the car fleet in Germany and the United States.
Not a majority, but 37% of your driving on electric is a significant chunk. Would
And to take a Prius Prime for an example, you can still have a very efficient vehicle when you're running in normal hybrid mode:
> C/D observed 75-mph highway driving (hybrid mode): 47 mpg / 49 mpg / 47 mpg
If you're trying to make the most difference with limited battery production, that's 8.8 kWh of batteries for a Prius Prime. You can make more than 6 of them with the batteries that go into a single "low range" Model 3 (54 kWh).
Six cars doing a bit over 1/3 of their miles in electric mode, or one car doing all of its miles in electric mode?
That's a relatively short electric range car, if 25 miles isn't doing enough for most people there's probably a good middle ground where you use half the batteries of a long range EV but cover 90% of your milage in EV mode.
This is of course ignoring that the Model 3 is a lot more fun to drive than a Prius Prime, but just to make the point about battery usage.
Could work as more and more stuff becomes electric in cars instead of running off accessory belt.
They are basically shitty electric cars and a shitty fossil cars combined.
I already view them as battery hogs. It baffles me that anyone thinks they make sense. We have the battery supply to either make a small minority of cars EVs or to make all cars PHEVs.
PHEVs are cheaper, more practical, and more environmentally sound.
This is Tesla’s business model and a huge reason Li batteries are so much less expensive today.
I’d say the inverted logic is more like buy electric cars now even though they don’t hold their resale value due to economies of scale catching up on you.
One can think of it this way also: if 85 kWh of battery modules is made, how should they be placed to reduce the most CO2.
You can put them into 8 plugin hybrid cars with 10 kWh battery in each, and it's used for commuting in each of them, replacing 80% of yearly kilometers with electric ones, that's maybe 10 x 20,000 x 0.8 = 160,000 km electric driving. Those cars still drive 10 x 20,000 x 0.2 = 40,000 km with gasoline (for long road trips etc).
Or you can put them all into one Tesla. If it's a regular private car, it drives 20,000 km per year and thus we have 20,000 km of electric driving.
So in this calculation, it would make more sense from environmental point of view to put the battery modules in hybrid cars.
Now, maybe the Tesla is a Taxi and is actually driven 100,000 km per year, then it's different.
Or maybe the luxury Teslas that sit on driveways as status symbols are changing how people think, or are driving innovation and have massive leverage that way.
But it's complicated.
Further ramping up battery production isn’t any kind of long term barrier, so plug end hybrids just result in less investment in battery manufacturing and thus slower adoption of EV’s.
Higher density LFPs are coming too.
I would agree in general with the parent, but with LFPs hitting mainstream 200-300 mile range in pure EVs, and no real resource constraint, hybrids and "standard range" can be LFP and then NMC chemistries can be dedicated to higher density needs.
30m/s to 0 on a 2000kg vehicle = 900000 J or 0.25kWh, on a at best 10kWh battery adds up.
Also LFPs don't have sourcing issues, and I think the minimum range hubrid should be 70 miles, so that would be bigger than 10kwr.
If 10kwhr is only 20-30 miles... I think we should have 25kwhr at a minimum. 20-30 miles becomes like 10 miles in deep winter, and even then the ICE is doing the heat/cooling. You need 70 miles to handle weather range degradation for that sweet 50 mile daily usage range.
Plug in hybrids can be a great option for many drivers, but IMO they they essentially inherit the downsides of both EV’s and ICE. For example they have issues sitting unused for long periods. Need to replace belts and spark plugs etc. They risk both a battery fire and gasoline fire etc etc.
Adding social punishments here would hurt momentum. It is far better to reward imperfect progress than to create a social environment where people feel like they'll never be good enough.
Instead they never introduced it to other cars, now they have discontinued the Volt(because who wants an overpriced Chevy Cruze anyway?) and now they nothing for sale because of battery issues.
Battery issues will be resolved in the next few years as more factories come online so I don't see how a "battery hog" issue will arise unless there is a fundamental shortage of raw materials. Seems like the battery companies are also investing in recycling so this eventually becomes a closed loop system.
We have a name for them - Bus Drivers!
Why is all the discussion is focused on personal cars, they sit idle 90% of the time. First vehicles to go electric should be bussed, light delivery vans, taxis and all other service vehicles that are in motion over 10 hours a day, 365 days a week.
Today 95% of all electric busses are in China, because our leadership thinks that since we don't have a planned economy, no planning of any kind is needed at all.
I'm not sure batteries will support vehicles being in motion 10 consecutive hours. And in some categories (busses, delivery bikes) it will be as lot more than 10 hours a day.
Maybe a 3 on, 1 off schedule would work (leaving it some time to charge) and that will have some capital implications (more actual vehicles in the fleet)
But I concur with the premise-work on reducing driven-miles not on "what percentage of vehicles" are electric.
Depends a lot on the exact bus system, but thinking loosely about San Francisco: maybe retrofitting ~10 terminals with swap+recharge capabilities means most routes only need 1-2 hours of juice between swaps?
The Toronto Transit Commission (TTC) is buying 300 all-electric buses:
* https://www.electrive.com/2021/04/27/toronto-to-procure-300-...
They currently have 60 as part of a pilot project, in addition to a whole bunch of hybrids.
It seems to be a case of pay now, or pay later:
> Besides the infrastructure cost of chargers, each electric bus can cost $200,000 to $500,000 more per bus than an average $750,000 diesel bus.
> Case acknowledges that is "significantly" more expensive, but it is offset by fuel savings over time, as electricity costs are cheaper. Because the electric buses have fewer parts than diesel buses, maintenance costs are also about 25 per cent lower and the buses are expected to be more reliable.
* https://www.cbc.ca/news/science/electric-buses-transit-1.582...
A Tesla Model 3 weights roughly as much as its ICE equivalent (BMW 3 series).
More weight to pull = more power required = more batteries required = more weight to pull. Almost a catch-22 when you factor in the increase in recharge time. For commercial vehicles, a minute of downtime is a minute of the said vehicle not making any money.
What does this mean? Do you expect a bus to weigh more than a fully loaded truck? Trucks in uk weight up to 44 tons, the largest double-decker bus is 12.
King County in Seattle recently costed a transition to all-electric: the conclusion was that it would cost 41% more than sticking with the current hybrids, and would be equivalent to reducing service by 237,000 hours annually. https://seattletransitblog.com/2020/11/02/metros-fleet-all-e...
A lot of local water also comes from snowpack built over winter, which has been decreasing.
* for an electric hybrid bus with regenerative braking, the city bus is pretty much running on batteries most of the time anyways, because it never goes above 30MPH and there's so much stopping and starting to repower the batteries.
* in practice, BEB fleets need to be bigger than their diesel equivalent fleets because of the range anxiety. In particular, BEBs and their higher weight perform worse on elevation rises, where they are spending more energy to lug the heavier weight around, and in winter. Winter is interesting, because the way current bus heating works is that they take the waste heat from the ICE and dump that inside. Electrically heating a bus takes additional energy, and on top of that batteries perform worse in cold weather. The problem is severe enough that so far the most successful cold-weather BEBs maintain a fossil fuel system just to keep the bus warm.
My wife and I only put like 10000km per year on our car, so I generally run down the battery fully on my PHEV and just touch a bit of the gas. That would barely make a dent in a multi-hour commuter's usage.
The hard part is the short-term solutions are unpalatable: pushing back hard on oversized vehicles that are wasteful of fuel and hazardous to people who choose small, efficient, green options.
A Hummer EV uses so much battery to build you could make three Nissan Leafs... but if you didn't make the Hummer EV, the driver would stick to a monstrous huge gas-burner.
So fundamentally, fighting climate change in a world without plentiful batteries demands strong disincentive to driving oversized vehicles.
Which is, of course, politically unpalatable because destroying the earth, obstructing visibility, and threatening your fellow drivers in a hypermassive oaf of a truck is freedom.
Also that seems what Toyota is thinking with their anti-BEV lobbyism.
Even so, I get about 40MPG, so much better than an average vehicle.
It does sting to maintain an engine for 800 miles a year.
Pretty soon I'm going to be out of warranty and I'm going to stretch the oil change interval a bit beyond what they suggest-- 16 mos instead of a year. It just feels wasteful.
In general in the US it's very difficult to do this on state/federal land. You usually must make use of your rights or the leases will be revoked. Even when there is a state like Idaho where you can buy grazing rights and supposedly not use them, the state bureaucracy isn't interested in it.
I guess you could do this with coal rights but the coal markets have been so bad for the last decade it's hard to see this as worth doing.
If you read the article carefully,
-- This is about leases. Leases come with conditions. You're not buying the land.
-- The first example is about someone who lied and made a bid that he had no intention or ability to pay. Turns out that's actually a crime. That's not "power structure opposed to these sort of actions" in a nontrivial sense.
-- There's a very good reason for much of this: Grazing, hunting, and even logging are part of maintaining the land. The owner of the land (the government) doesn't want you to stop maintaining the land and so makes sure the lease requires that you maintain it. And resource extraction comes with paying royalties to the owner, who doesn't want you cheaping out by not extracting any resources and not paying anything.
For example, by buying a gas guzzler and not using it much you might lower the emissions from that specific vehicle. But supply and demand rears its ugly head: you're contributing to the increase of similar gas guzzlers' value in the market, which means that other people are more likely to maintain those vehicles in working order and resell them, instead of scrapping them or leaving them unused.
We’ve got a couple more years before I have to buy another used car, so I still might win the argument.
https://www.world-nuclear-news.org/Articles/Rolls-Royce-subm...
It travels thousands of miles from the well to refinery, where a chunk of it is burnt to power fractional distillation and separate out Sulphur, impurities, bitumen, kerosene and other stuff that would ruin your car. It's burnt to power catalytic cracking, to convert heavier compounds into something combustion engines can burn. Obviously t is consumed in engines of trucks and ships to deliver it to a petrol station.
Generally, the idea that people toss their cars in the garbage is wrong. They enter the secondary market and someone drives them either way. Scrapping them only happens when their useful lifespan is over.
Buying a newly made gas guzzler is a different story.
As for buying coalmines, typically mining rights are sold to miners as licenses that owners expect to get a percentage from. When the buyer turns out to be an environmental NGO the license gets revoked pretty quickly. This happened in the US earlier this year. These strategies will often run into implementation complexities.
I think half the examples listed are used to teach people about second order effects. Yet the writer of the article seems to have taken them at face value…
By disrupting the fossil fuel supply chain, you apply pressure to the point where coal generators are taken offline and demolished (lots of videos if you Google for coal plant demolition). This ensures you can’t go back, as the lead time is too long to build new coal and no one will finance it in the developed world. Natural gas is already marginal against renewables in many markets, and will face the same fate as coal as renewables build until they’re overbuilt.
With that said, the theory is sound based on existing economic conditions. 75% of coal generators in the US and roughly 45% globally operate unprofitably, for example (per Bloomberg NEF).
I think that the only kind of generation that can quickly replace coal would be based on burning LNG and turning the same turbines.
Solar is great but unstable, adding a battery is pretty expensive yet.
Nuclear is sadly way too slow and expensive to build, even if no NIMBY protests would appear.
Don't get fooled by stats from rich countries as those countries "cheat" by importing goods and materials with large entry footprints embedded into them.
> By 2026, global renewable electricity capacity is forecast to rise more than 60% from 2020 levels to over 4 800 GW – equivalent to the current total global power capacity of fossil fuels and nuclear combined. Renewables are set to account for almost 95% of the increase in global power capacity through 2026, with solar PV alone providing more than half. The amount of renewable capacity added over the period of 2021 to 2026 is expected to be 50% higher than from 2015 to 2020. This is driven by stronger support from government policies and more ambitious clean energy goals announced before and during the COP26 Climate Change Conference.
> The growth of renewables is forecast to increase in all regions compared with the 2015-2020 period. China remains the global leader in the volume of capacity additions: it is expected to reach 1200 GW of total wind and solar capacity in 2026 – four years earlier than its current target of 2030. India is set to come top in terms of the rate of growth, doubling new installations compared with 2015-2020. Deployments in Europe and the United States are also on track to speed up significantly from the previous five years. These four markets together account for 80% of renewable capacity expansion worldwide.
https://www.iea.org/news/renewable-electricity-growth-is-acc... (IEA: Renewable electricity growth is accelerating faster than ever worldwide, supporting the emergence of the new global energy economy)
2021, 72.4 Billion BTUS total use and 8.6 Billion BTUs from coal.
11%.
Sorry I was off by one percent.
You cannot "buy all the coal" any more than you can:
- buy all the oil (OPEC vs. NA shale fracking)
- buy all the lithium (China vs. Chile)
- buy all the magnesium (Freeport, TX vs. China vs. get from any seawater anywhere)
The fact that the cost increase is likely front-loaded due to the time it takes to ramp up a new mine is probably extra beneficial in the case of coal, since it's on its way out as a technology. Mining coal might be worth it right now, but will it be worth it by the time your new mine is up and running?
With lithium, the answer would be yes, because lithium demand is growing. With coal, hopefully not so much.
Yah, if nothing else the regulatory risks would make one pretty nervous about dumping a ton of money into a new coal mine.
In particular, relatively rare minerals that have been extracted in a relentless scale like coal and oil are harder to replace than very abundant ones that have been extracted on an opportunistic way like lithium. (Magnesium is also very abundant, but has seen more intensive extraction.)
Google no longer works for me to find things again that I vaguely remember. What I do remember was that they had taken out multiple smaller dams on a river, and if memory serves me right, a group had bought them for a reasonably low amount as the previous owners had no more use for them.
Most of what I found with a quick search from what I remembered were public/private partnerships to remove obsolete dams (Riverkeeper seems to be a larger player).
If you shut down some number of oil production the price would go up quickly but it would take much longer for alternative sources to come online.
Also when prices of gas goes up, unlike in the past, there are now alternatives in EVs.
Since power plants are usually run by utility companies that often have governments as major shareholders and the general public (including environmentalists and people sympathetic to their goals) as direct customers, they are more likely to be receptive to pressure than coal mines, which are often privately held corporations that sell into the anonymity of bulk markets.
https://marginalrevolution.com/marginalrevolution/2021/10/be...
If it's orderly, they kind of queue in the middle. If it's not, you'll have a large brawl as people try to get in front of each other.
People who arrive join the front of the queue, and are either served next, or someone else joins in front of them, pushing them back. When they're position 2 in the queue, they will only be served if 2 people are served and 0 arrive (low probably). If another person arrives, they're now position 3 in the queue, so 3 need to be served before any arrivals (even lower probably).
At some point, they decide the probability of being served drops low enough that they give up and leave - this will usually happen quickly.
The only way to 'game' this system is to look up the street and join the queue when it looks like nobody else is coming. If many people try to do this, then those people will be waiting forever (both want to join last - stalemate), and anyone who doesn't employ the tactic gets served.
Those who don't really want your product don't wait in a line for it anyways - the length of the line itself is a natural filter for availability of the good.
Basically - has satisfaction actually gone up if those who would be extremely satisfied by your product no longer receive it, and random folks who may or may not want your product do? I'd bet money the answer is a solid "NO".
I feel like I missed something.
The thing we are trying to optimise is not length of que, but how long and how reliable it is to get served.
Under the old system you may have had to wait 10 minutes to get served BUT you knew before you started queuing it would be about 10 minutes (and thus could make an informed choice) and you can clearly see your progress in the queue and if you are patient you will be served.
Under the new system it now may take you 1 minute to get served or 1 hour. Or you will try multiple times and never get served. And you will have no indication before you start queing how successful you will be.
Any UX designer would easily tell you which of these systems is going to piss people off more.
I've got to ponder the to do list example though.
As for the to do list, to me that suggestion amounts to nothing more than splitting my to do list into two, a "to do now" list, and a "to do eventually" list (well, I would call it a "two do" list), where I just move items from the second one to the first. That might have some value, but it's not a mind-blowing reversal of logic.
If we adopt the rule that the next person to be served is the most recent person to join line, it's inevitable that a second line will form with people waiting to go to the first line and if someone tries to go to bypass the second line and go directly to the first line, the crowd in the first line will direct their rage at this person and compel him or her to queue in the second line - it's just as if there were only one line and the person had cut in that.
https://news.ycombinator.com/item?id=10182781
The whole article is embarrassingly bad, a bunch of stuff that sounds clever at first but wasn’t seriously researched or even pondered. Like the requirements to develop resources you buy or the incentive effects of paying off malicious behavior.
# For those who end up going home
For those who end up going home, a traditional queue is still more efficient.
In a Landsburg's queue, if you decided to go home, it must be that there has been too many people joined the queue ("the queue got full"). *Their arrival takes time*. You would have waited for quite some time when you decided to bail out.
A traditional queue, on the other hand, allows those who end up going home to choose to do so immediately upon arriving at the scene. You arrive at the scene, look at the queue, judge that it would take unacceptably long period of time before you can get served ("it's currently full"), and decide to go home. You never join the queue. You wait for zero seconds.
# Arranging early arrivals is important
*Filtering for fans.* In the book _The Armchair Economist: Economics and Everyday Life_, Landsburg himself stated that some businesses would prefer to serve fanatic patrons over mediocre customers. In an ordinary queue, customers can prove their loyalty by *arranging to arrive early*. On the other hand, by attaching the probability of getting served directly to the probabilistic nature of when one arrives, a Landsburg's queue does not allow/support proving patronage with early arrivals.
*An ordinary queue is an auction.* One of the main arguments that Landsburg proposed is that an ordinary, first-in-first-out queue is inefficient because it is not a market. I disagree to some extent. Let's re-examine the act of arranging early arrivals. By arriving early, you sacrifice the liberty of arranging the day's tasks liberally, often risking postponing a couple of other chores to the next day and/or losing opportunities for spending the morning somewhere else. This *cost of flexibility and opportunity* is a bid[^1] for guarantee/priority of service. Yes, it's still not a market where you trade spots in the queue, but its auction-like nature makes it a much closer implementation than Landsburg's queue.
[^1]: Well, it's technically a payment, since you don't get your money back should you lose the auction (i.e., decide to bail out from the queue). However, since it's not a game of chance, I can't call it a gamble either.
As for the notion of reversing queues - this doesn’t make sense to me, but maybe I am missing something. People who join a queue earlier are signaling a price, in effect. Overriding that is creating an inefficiency in a sense, and is an imposition of someone else’s valuations in place of individual people’s valuations. Apart from that, the methods mentioned here simply feel a bit antagonistic rather than cooperative. I don’t think sustainable societies are built on those types of adversarial tactics.
The other examples seem pretty interesting and it has a freakinomics feel about it.
The queue solution is simple - using tech: use the buzzers they give you in some restaurants that tell you your meal is ready when you are next in the queue.
https://www.nytimes.com/2016/10/02/business/energy-environme...
Though maybe that's also a cautionary tale. Back when that happened (2015) the political discussion around coal in Germany was that a coal exit wasn't really part of the discussion and local politicians would say things like coal will be mined until the 2040s. Since then the debate has moved to "Coal exit in 2038", and more recently to "Coal exit very likely in 2030".
What I'm trying to say: Even if you're successful with such a project, it's not exactly clear how much you gain. The political discourse on climate is moving fast (though still not fast enough).
For seconds if the plan did work, the group responsible would likely be designated as terrorists and get taken out by the US military.
The US would have certainly done something when they still were highly dependent on foreign oil.
Closing coal mines without having an alternative power source would only create shortages and price hikes.
Only 2-3% of new car sales are EVs. You not getting an EV to leave it to someone else is not going to get that number up.
The line thing would exasperate people and everyone would leave. Actually, seeing long lines and impatient customers is probably the best way to accelerate service by stressing out the staff.
EV sales vary world wide. In Norway, it's >70%. The Netherlands has 32%. Germany is not far behind with 28%. The US is indeed lagging a bit. An interesting effect you are starting to see in the EU is people worrying about not being able to sell their ICE car second hand, being faced with additional fees and cost for fuel, or being denied access to cities and regions. Fear of these things is becoming a big driver. And there's quite a bit of FOMO as well.
Both with coal plants closing and EV adoption, fear is accelerating what was happening anyway.
Poor example. This would annoy the hell out of customers. Theme parks also almost always have excess demands for rides. This system would only work at a failing theme park that couldn't fill up the ride to capacity.
I could imagine this working with decentralized robots performing similar tasks independently, but usually a system that uses robots would be centralized.
$100 cars were suddenly $1000 cars in a few months, which was fine if you owned one, bad if you were looking for another backyard project you could limp home and work on for a while.
"Destroying the long tail of cheap resources for political points" is the sort of "reverse thinking" that we need less of, especially by politicians who make the right noises about caring about the poor. Great, a bunch of older cars are off the road... sucks to be someone who used those for transport if you couldn't afford the payments on a new car (or didn't have reliable enough income to even consider that option).
No, there won't be omelets. What are you, some sort of kulak?
And kulaks had it coming, even my great-granddad. Destroying food during a famine is inhuman.
I get that you don't like profits (even though investment to do automation requires profits), but automation reduces costs which INCREASES profits and/or reduces prices.
That's literally opposite of how accounting works, if you reinvest everything, your profit is 0%. Profits are what's lefts after Cost of good sold, reinvesting, etc. which you then may distribute to shareholders.
Wrong - Profit is revenue minus costs.
See https://en.wikipedia.org/wiki/Profit_(accounting) and all of the other definitions on the web. Reinvesting affects cash flow but not profits.
Since profits are a portion of the value generated by labour, as the proportion of costs attributed to labour drop, so do profits. There are secondary effects as well, as workers lose their jobs, their wages fall through competition and they can no longer afford to buy the commodities produced.
This phenomenon is well documented historically, as the rate of profit has an overall tendency to drop which is more clearly noticeable after bursts of automation.
https://thenextrecession.wordpress.com/2020/07/25/a-world-ra...
That's simply not true. Profits = revenue - costs. Revenue, what buyers pay, is based on perceived value. That perceived value may come from labor, but it can also come from some mechanical transformation (ie automation). It can even come from something else, such as color. (I'm assuming that red paint costs the same as blue and takes no more labor to apply.)
Not really. Successful automation increases profits. E.g. McDonald's touchscreen menus came about because minimum wage increased, and the value of labour became less than its cost, so investment in automation was required.
What else do you think incentivises expensive, failure-prone automation attempts? It increases value and thus competitiveness in the marketplace of the automating company.
Don't take people's property by force and not expect them to fight back. And especially don't use their fighting back as an excuse to oppress and slaughter them, that's what's truly inhuman. And the famine was caused by collectivization policies in the first place, you're just blameshifting your failed policies onto the victims of it.
The famines were environmental, for centuries. It was only collectivisation and industrialisation of agriculture that stopped the famines.
Yes, because destroying private property rights will lead to further famines. It's something called second-order effects, which Communists seem utterly incapable of understanding.
>The famines were environmental, for centuries.
None were ever on the scale of those caused by the Soviets, Mao, and others, so they clearly weren't just environmental.
>It was only collectivisation and industrialisation of agriculture that stopped the famines.
Industrialization is doing some Atlas-tier lifting for the rest of your argument in that sentence. Collectivization did nothing to stop famines unless you count causing millions to die and thereby having fewer mouths to feed in the following years. Reversing collectivization, on the other hand, increased food output six-fold in Xiaogang, China: http://www.china.org.cn/china/features/content_11778487_2.ht...
Edit: Note that the villagers of Xiaogang had to undo collectivization in secret because they risked literally life imprisonment and execution. They even made pacts with each other to care for the others' children until adulthood if any of them were caught and executed.
Edit2: Since HN won't let me reply to your response directly, here it is. I lived in the Czech Republic and befriended countless people rich and poor who suffered under the evils of Communism. Communism has led to political violence in every single country that has adopted it, without exception. For a good historical overview (since you implied I haven't read any boons on the matter) I would recommend From the Gulag to the Killing Fields, which contains excerpts of historical accounts from every single country that established Communist regimes. You support a Godless ideology of murder, oppression, and lies.
You should read some history books, you appear to have instead accepted western propaganda.
There is this really interesting second order effect I heard about, very few people know about it - apparently masses of starving people might not just quietly watch their family succumb to famine, sometimes they start cutting off heads of whoever is in charge, or just is in the wrong place at the wrong time.
I wish they'd actually done so to Stalin, seeing as he was the one in charge and his policies were the cause of the famine. Instead, it seems like the majority swallowed his propaganda blaming the kulaks hook, line, and sinker.
Seems you motto is 'Communism for me, but not for thee'?
A lot if America was built on a presumption of cheap car transportation, when the exhaust was considered free. Now we are starting to pay the price of it, and such places start to look less and less sustainable. But a lot of people lives there, and won't easily move to a metro area and start relying on public transport.
When you are given something I want it too. I might even want you not to have it if I can't have it. However, if I am the one giving you the thing it becomes important for me that you have the thing even if I no longer do.
This is intuitive even if it is logically an eyesore.
Im just learning about Jay Forrester, but he wrote the foundational paper on this kind of thinking. I also highly recommend Thinking in Systems by Donella Meadows, which contains a lot of other wisdom like this.
Word has it that the Provincial Government will be supporting this effort.
0: https://www.cbc.ca/news/canada/british-columbia/conservation...
Reverse logic: Write blog posts with outrageous suggestions with little real-world applicability, that are equivalent to argument junk food. The few people who think deeply about statistics and behavioral economics will ignore it, but the vast majority of people will eagerly discuss it, link to your page, and sell your work.
I think the reverse logic works!
We are not at the stage where we can bootstrap green yet. You still require fossil fuels to build a green economy. Sure, coal is bad as an energy source, but that EV you want has a ton of steel inside and that requires metallurgical coal. The copper required for a green economy needs to be mined, and the machines used in a mine require a portable, dense fuel source like oil.
To make matters worse, energy prices feed into other areas of the economy. Ammonia costs have skyrocketed due to the energy issues and that's causing the price of wheat and corn to skyrocket.
The proper policy is carbon credits and a measured transition unless you're ready to punish the working class and developing nations.
The problem with this is that eventually the government notices what you're doing and just takes it away from you. This happens regularly with attempts to preserve natural lands and resources.
- Spot price the gallon and set the minimum order increment to 5 gallons. Pre-purchase and then arrive to collect or pay the spot price at the time of arrival
- Switch the stall queue to a ticket system. You buy your thing and plug in a contact number (or wait). You are either notified by phone (or by voice when you’re there). Lots of food courts already do this.
- There’s no reason to buy coal mines. You can just political currency instead of normal currency. If your time is worthless or you have cultivated political currency for a while, the former is incredibly cheap
Matt Levine wrote about this recently (unfortunately I could not find the reference but it was in the last month). One of the big bank tried to launch a fund for this but it was met with a hostile reception.
> When you go to an ESG fund manager and say “hey wanna buy up all the coal mines” she is going to say “what no absolutely not.” And then you say “no hear me out, you are a better owner of coal mines than the alternative, this is better for the climate in the long run,” and you explain how, and she says “hmm yes your logic is impeccable,” and you say “so you’re in?” and she says “no absolutely not”.
The bank was Citi, and the fund was to have been called "Coal to Zero".
Just burn it all so some rich people get richer and then are out of a job because there is nothing left
For the queuing as they explain it, you would just leave the queue and rejoin it, and get to the front? It works well for negatives like firing people.
Reverse logic might be cooler if the article came with one example of where it worked IRL. But I guess if it works it's logic?
Obviously EV is the future. But with this "Vehicles as a Service" model where a lot of stuff is not meant to be touched by you, it seems like cars are just getting absurdly more expensive for no reason at all. EV is a marketing term so that somehow causes the product to be worth an extra $5k right off the bat.
By driving less than 10-20 miles a week with a gas vehicle, I feel like I'm actually doing more to save the planet than the typical EV driver doing 100+ miles thinking their excessive driving is 100% eco-friendly. Consumption is never eco-friendly.
In which country are EVs most popular? IIRC, Norway.