This is CBS I In The World. I'm John Bass for visiting with my colleague, Terry Anderson,

of the Hoover Institution, whose book Adapt and Be Adapt can't be mentioned enough because

apparently it keeps coming back just when I think that, oh, surely they know the book

that Terry's published with economists and observers about the limits of the renewables

about the necessity of fossil fuels indefinitely. Adapt and be a depth market responses to climate change.

But no, we come back again to a heresy by a HSBC banker saying that the end of the world is not

nigh, that we're going to go forward with a mix of energy sources and to be practical-minded,

fossil fuels are one of them. Terry, I want to come to the point of making batteries because that

often is the case made for why renewables are useful to store energy that we can use at night or

in parts of the world where the wind doesn't blow. Batteries and solar panels, but batteries especially

consist of rare earths and materials that are mined around the world, often mined in

severe conditions by governences that are highly questionable, and also the solar panel market

is dominated by the people's Republic of China. So the resources are being extracted from people who

are not well financed or not well taken care of by their governences, and the solar panel market

is dominated by an adversary of the United States. It occurs to me when I read through your book,

again, that when we say these things, how are we heard, Terry? Are we understood as being troublesome?

We are identifying what's wrong with this plan. Well, of course, we're understood as being troublesome

because we're raising the data, the facts that show what you just said about the kinds of materials

needed for solar panels and batteries, and that one only needs to ask people in Germany today what

happens when the socio-political environment is upset as it was with Russia's invasion of the

Ukraine. Germany, depending on oil from Russia, is experiencing just what will happen when you

disrupt those supplies. And we can't just sit back and say, well, let's just accept that China will

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