 All right, now you remember we talked about the demonstrations in the Netherlands and indeed by farmers who were being required to reduce the amount of nitrate they produced which not only was going to involve a significant reduction in the amount of fertilizer they could use but also in the number of cows they could have which would result in the killing in the destruction of lots and lots and lots of cows. And in the Netherlands they actually organized a political party and I think they got the highest, the most votes in the latest parliamentary election. I haven't followed that to find out what the consequence of that are because I think that the actual mandate to reduce the number of cows was actually from the courts just upholding EU kind of mandates. So we'll follow up on the Netherlands story and try to figure out now that they have political power what are the farmers actually going to do, what can they do and what will they do to get around these ridiculous draconian insane requirements. Anyway this is this is spreading because as you know or maybe you don't know but one of the biggest creators of CO2 or maybe it's not CO2 but certainly of greenhouse gases are cows. They're farts you know a big part methane right big part of greenhouse gases and this is why a lot of the climate change nuts the real extremists want us all to be on a vegan diet to stop eating meat. This is why so we don't grow so we don't cultivate cows so we shrink the cow population. This is why they they're big into artificial meat big into trying to genetically build create something that tastes exactly like beef even though it's not beef so there's a big push to try to get us off beef consumption of course good luck with that we are all beef eaters we love beef we eat a lot of beef pork you know we just eat a lot of meat a lot of red meat and and I don't think climate change is going to stop that I don't think anybody takes climate change quite seriously enough I mean some people do but it's small numbers of individuals most of us don't take it seriously enough to stop eating beef. So one of the things that is happening is that governments are imposing mandates on ranchers and farmers to you know to reduce the amount of cows that they have and the one following up on on the Netherlands is the Irish government Irish farmers are rebelling against a proposal the proposal by the government is to call tens of thousands of cattle a year and to kill cull is a nice word instead of to kill kill tens of thousands of cows every year for three years this is going to cost a huge amount of money hundreds of millions potentially 200 million euros cost a huge amount of money but it will reduce you know climate change numbers that is the amount of the amount of greenhouse gases that the country of island emits will be reduced significantly one question I think one should ask is you're going to kill tens of thousands of cow cows so that island can meet some what I would consider arbitrary target but what impact let's let's buy into the story of climate change let's let's pretend that this is all real not just climate change but the catastrophizing and the horror of it and the the emergency and the and the need to do it right now and the lack of technologies to suck in carbon but so we have to just stop producing it let's pretend we buy into all that well what difference is whatever island does make to the global production of carbon in the world island is a tiny little country five five million people it has 0.06 of the world's population it produces a tiny bit of carbon even with all the cows that it has in indeed it's a very rich country on a per capita GDP straight basis not adjusted for prices and stuff you know per capita is a hundred over a hundred thousand dollars um or GDP per capita over a hundred thousand dollars which makes it significantly richer than us um and in any other western country and and that's primarily because it has become a home to a lot of a lot of major corporations for tax reasons um you know island consumes a certain amount of electricity not that much even though it's very rich it doesn't consume a huge amount of electricity because there's just not a lot of people um so even though per person maybe they consume a lot they don't consume um they don't consume uh you know that much given particularly given their wealth wealth and consumption of electricity go together they don't produce a lot of carbon footprint so if you if you just took island to zero let's say you really you wiped out all the cows wiped out all the people I guess you you literally took their carbon emissions to zero what impact would have that on climate change well none none first of all it's just too minute of a quantity to make a difference to the to the effect right to the effect of of of the greenhouse gases and and second the reality is that more and more greenhouse gases are being emitted use of coal is going up use of natural gas is mostly going up use of gasoline in one form or another is mostly going up I mean there's some noise goes up and down last year gasoline went down a little bit but you know it's it's still below in other words it's level in 2019 but this year it's likely the consumption of gasoline is going to be higher than that in spite of all the electric cars so island is not registering it doesn't make any difference and nothing really makes a difference the reality is that gasoline production natural gas coal all of that is going up because the fact is that no matter how much the rich world decides you know to sacrifice for the sake of more expensive natural gas or more expensive coal or just suffer the consequences like in texas and other places of just having an unreliable grid because you know dependent on wind and solar and all of that stuff no matter how much the rich sacrificial west is willing to do that the rest of the world's not poor people are not not going to let you get away with that you know the less gas you burn the more gas they all burn they want to be rich like you they're not going to accept expensive electricity expensive power they're going to find every lump of coal they can and every piece of that every bit of natural gas that they can and they're going to try to use it to produce energy and electricity as they should because they don't want to be stay poor so all of these efforts all of these localized efforts are just futile and and and silly the world will continue to use fossil fuels as long as it's efficient and cheap to do so and it might not be efficient and cheap anymore in the west because we're taxing it and we're putting all kind of cobs on it and we're limiting it and we're destroying our capacity but it's still going to be efficient and cheap relatively speaking in third world countries if the russians can't sell gasoline to europe let's say because gasoline consumption in europe is declined which it hasn't but let's say it has then they'll sell it in india and they'll sell it in africa ultimately right people will buy because people want to get rich and solar and wind if you take out subsidies and you take out all the controls and you take out the the reliability the lack of reliability so you have to add batteries and all that far more expensive than than reliable good cheap reliable energy all right so lots of cows going to be killed in ireland we'll see if the farmer of bellion in ireland is similar to the farmer of bellion in netherland but it's just one little i mean the story in itself is not that important what's important is just this general tendency of people to just go nuts over over this issue of climate change no cost benefit analysis no real perspective on you know what they're doing and what benefit it has even if you take their assumptions seriously just arbitrary targets just shooting for those not really looking at the entire picture and then taking those most hysterical of assumptions seriously like and and and then destroying people's lives as a consequence i mean i wish people going to eat less beef drink less milk no they're just going to import it so africa will start producing more of the beef and more of the milk and they'll lower tariffs to africa so that they can import it from there because they don't you know so so they feel better they'll feel a little less responsible because their co2 emissions will go down now the fact that their co2 emissions go down will cause co2 emissions in africa to go up because they'll produce more cows and they'll feel better but nothing in terms of nothing real nothing in the world real in any sense even in terms of net carbon emissions is going to change unless people are really willing to eat less beef but i don't see any indication of that and by the way it's much cheaper anyway to grow food and to bring food in from africa to europe than to grow it in europe so generally the entire agricultural sector in europe should be wiped out not by government it should be wiped out by competition if europe lower tariffs to zero on agricultural goods africa becomes the bread basket of europe and not only does it enhance the economies of africa creed wealth in africa uh it it it also you know allows europe to restructure the economies in ways that promote their own um comparative advantage and increases wealth in that sense makes food a lot cheaper for europeans yeah a lot of farmers will be unhappy can't make everybody happy and you shouldn't that shouldn't be the goal of policy ever thank you for listening or watching the iran book show if you'd like to support the show we make it as easy as possible for you to trade with me you get value from listening you get value from watching show your appreciation you can do that by going to iranbookshow.com slash support by going to patreon subscribe star locals and just making a appropriate contribution on any one of those uh any one of those channels also if you'd like to see the iran book show grow please consider sharing our content and of course subscribe press that little bell 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