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“How did you go bankrupt?" "Two ways. Gradually, then suddenly.” Investing in fossil fuels today really seems like collecting loose change before an oncoming
by martythemaniak 6y ago
“How did you go bankrupt?"
"Two ways. Gradually, then suddenly.”
Investing in fossil fuels today really seems like collecting loose change before an oncoming train. Decreases in the price of solar panels and batteries are not linear and sometime now far from now it'll be economic madness to buy ICEVs, build NG peaker plants or even keep coal plants operating.
- v77 6y agoRight, but oil as used for transportation is the far harder nut to crack.
- ableal 6y agoThe way car manufacturers are pumping out BEVs and PHEVs with 50+ km range, and buyers are gobbling them up, I think that nut is showing serious fissures ;-) Personally, I'm expecting to reduce fuel spending by about 80 or 90% ...
- jes5199 6y agothere's a magic crossover point where cost-per-kwh for batteries gets low enough that it's cheaper to build an electric car than a gas car. There's some evidence that we've crossed that line in the last few months - now there's a bottleneck of how many batteries can be produced to meet demand - but that's changing fast, too. The transition is going to be faster than people expect.