This is really it. We already have most of the technology and at a price point, where it is either already cheaper then fossil fuels or not that much more expensive. The more those technologies are adopted, the less fossil fuels are being sold. A lot of people underestimate how much money building pipelines, refineries, power plants, oil rigs and so forth costs. So pretty small changes in fossil fuel consumption can destroy the massive profit margin of those companies. Even worse once those structural changes are made, we are truly over peak fossil fuel. Obviously this has to be global, but just look at what happened with Covid and you can see the massive impact these changes can have for the fossil fuel industry.
this post was submitted on 29 Aug 2024
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