More bullshit economics
"I think he's simply ignorant of the fact that markets alone, so far entirely unaided by the plans of mice or men, ganging agley or not, have provided us with exactly what a decade and more of international scheming has been straining to push forth. The impetus for us to reduce our fossil fuels usage."
I don't need any bloody impetus, I need a viable alternative.
Tell me Tim, by what mechanism does the increasing price of fuel manage to move my house closer to my workplace?
What's that you say? It doesn't? It simply pushes the low paid into poverty while the rich just think "Fuck it, what's an extra £5 a tank on my wages?" Or is the idea to make travel so prohibitively expensive that I have to get a different job - although, if I could find a job that paid enough to live on without having to drive 30 miles to work, I'd already be doing it!
The real problem is that economists generally understand fuck all about the real world. They come up with a theory, make a prediction that doesn't pan out and then blame reality for the discrepancy. They then keep the obviously broken theory unmodified and try to make some more predictions with it.
When predictions don't match observations, you adjust the theory - you don't complain that it's the fault of the experimental subjects who failed to follow your predictions.
We wouldn't trust economists to make tea in the physics department, nevermind come produce theories.