Oil spikes do be making a MF invest in alternative energy. Just hope you don’t get clean coal
Comment on We don’t have room in the carbon budget for a world war.
JensSpahnpasta@feddit.org 4 hours agoI disagree. That oil you are seeing burning is just a few days of normal production. So it would have gotten burnt regardless. If you take the broader view, disrupting global oil production will give renewable energies a much needed push. If your petrol gets too expensive, the electric car maybe looks better now. Using solar and wind looks better when fossil fuel prices are more expensive. And heating your home with a heat pump is currently much, much cheaper than using gas or oil. So this will give a push, if done correctly.
Some countries might even wake up and realize that it’s better to produce their own energy from the sun shining on their own soil than being kind of a victim of whatever happens somewhere else in the world.
TronBronson@lemmy.world 4 hours ago
humanspiral@lemmy.ca 3 hours ago
The economics for new energy as a slow transition were already there at $50/barrel. Geopolitical extortion means that fuel dependence means energy insecurity from enemies foreign and domestic (the monopolists and oil companies that corrupt our government). At one point this week, Trump said America (just its oil companies) will make a lot of money from destruction of all Gulf contries.
The geopolitical extortion case for having secure/fuelless energy existed yesterday, and will exist as long as US can be bribed to make oil more expensive. It should not be “oh wow, who could of thought some oil facilities could have ever gotten blown up, I better look at EV websites today”
On an individual basis, your demand for the best affordable EVs and energy indepdendent of the nationality of the company/workers who might provide it for you, should be not on comparing cost vs $2/gasoline a month ago, but on the fear of $4 or $6 gasoline, your government will enable, and on the fear of a $3/gallon carbon tax (paid as dividend to citizens/residents) as the only solution to global warming and energy transition.
It’s that $300/ton carbon tax that will speed transition. Overall, people are too dumb to realize their extortion and oppression is forever, and rooting for oil facilities destruction, as part of any solution, doesn’t change that it was going to happen anyway. When facility is rebuilt it is emissions, and lost oil obtained elsewhere to fill the gas tank it was already going to be used in, is more emissions.