Matt Ridley:
There is not a single example of a nonrenewable resource that has run out. Nobody ran out of stone in the stone age, iron in the iron age, or bronze in the bronze age. That’s not why these ages peter out, it’s rather because we move on to something else ..whereas renewable resources tend to run out, like whales, passenger pigeons, and white pines.
(Hat-tip to Falkenblog)
Why do we not run out of non-renewable things like metals, of which no more is being made; but do tend to run out of renewable things like big game?
Two related thoughts:
The difference between stocks and flows. Broadly, a stock is the amount of something that you have, and a flow is the rate at which it is being replaced or added to (a bath full of water is a stock of water, and the rate it is being filled from the tap is a flow). Non-renewables have a flow of zero, but the stocks are massive. Renewables do have a flow, but the stocks are small and the flow is not flowing quickly enough.
Technological advances that increase the rate at which we can access resources. A breakthrough in oil extraction technology effectively increases our stock of oil, because we have made more if it accessible. More people with more guns, or more fishing boats with bigger nets, do not serve to make more fish and game accessible, they just increase the speed with which we harvest.
Posted by Pete Collins 























