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What a delightful coincidence! Thanks, Robert, for the skewering of FTX and the seductive glamor of vast wealth. The day before Giving Tuesday, I read on the op-ed page of my newspaper an essay by Marc A. Thiessen, who said "Climate reparations are insanity" because poor nations will do better building general well-being through the use of fossil fuels than with green energy. Mr. Thiessen is a libertarian who appears to wish better lives for the world's poor, but in his essay he argues that fossil fuels are essential to prosperity, resilience and longevity. I say that fossil fuels have made many rich but have impoverished countless more and have destroyed and sickened much of our world.

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We also should not forget the "resource curse", the distortion caused by having a pile of resources in your country which inevitably flow upwards and not outwards to the citizens of a country. The crazed rule of Turkmenistan's Niyazov is a wonderful case study in how far off the rails a country can stray.

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That is a great point! (A country like Nigeria would be an egalitarian paradise were fossil fuels all that were needed for prosperity!)

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