With energy five times as expensive … we would take a

substantial hit to incomes. Our living standard would decline by about 11

percent. But we would still be fantastically rich compared to the pre-industrial

world. … Our income would still be above the current living standards in

Canada, Sweden or England. Oh, the suffering humanity! At current rates of

economic growth we would gain back the income losses from having to convert to

solar power in less than six years….