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On Earth Day, Gloomy Predictions Haven’t Come to Pass

This Earth Day, it almost feels like we should be carving some turkey. Why? Because we have a lot to be thankful for since the first Earth Day event occurred 49 years ago.

We should be thankful that the gloom-and-doom predictions made throughout the past several decades haven’t come true. Fearmongering about explosive population growth, food crises, and the imminent depletion of natural resources have been a staple of Earth Day events since 1970. And the common thread among them is that they’ve stirred up a lot more emotions than facts.

“By the year 2000, if present trends continue, we will be using up crude oil at such a rate … that there won’t be any more crude oil,” ecologist Kenneth Watt warned around the time of the first Earth Day event. “You’ll drive up to the pump and say, ‘Fill ‘er up, buddy,’ and he’ll say, ‘I am very sorry, there isn’t any.’” Watt also warned of global cooling and nitrogen buildup rendering all of the planet’s land unusable.

The issue, however, is that present trends don’t continue. They change dramatically for a number of reasons. Innovation happens. Consumer behavior changes. Importantly, price signals play a huge role in communicating information to energy producers as well as consumers.

Read the full story from The Daily Signal


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