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A high price of oil makes it profitable to sell oil. A market-based acceleration in renewables energy use requires well funded energy companies to pivot. High
by vmception 5y ago
A high price of oil makes it profitable to sell oil.
A market-based acceleration in renewables energy use requires well funded energy companies to pivot. High priced oil doesn't get them to do that. Low priced oil doesn't either, but a sharp drop in oil prices can.
Some other incentive is still necessary.
- justaguy88 5y ago> A high price of oil makes it profitable to sell oil. Only if your costs are below the high price. Blocking this pipeline raises their costs to transport the oil, eating into profits.
- vmception 5y agoIt doesn't cause a shift into renewables. The providers along that pipeline might simply be fucked. The regional and global rate just stays more attractive to the more vertically integrated players.
- deleted 5y ago[deleted]
- admax88q 5y agoYou know there's more to the equation than that.