4 ms·
I'm tempted to think that the volatility of oil prices may actually push people towards renewables. They doubled in the years leading to 2008, and since then h
by GlennS 11y ago
I'm tempted to think that the volatility of oil prices may actually push people towards renewables.
They doubled in the years leading to 2008, and since then have plunged three-quarters.
If Saudi Arabia's bet pays off, and they manage to choke all the alternative suppliers of oil, perhaps the price will bounce all the way back up in another 8 years?
Or perhaps they won't. But then if they don't, maybe Saudi Arabia collapses or has to be propped up with US money.
Who wants to bet their energy supply on that?