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I own a Tesla, so I'm into electric cars and doing what's necessary to minimize vehicular carbon emissions. That being said, oil is a globally fungible commodi
by JPKab 5y ago
I own a Tesla, so I'm into electric cars and doing what's necessary to minimize vehicular carbon emissions. That being said, oil is a globally fungible commodity, and the less we use here in industrialized countries, the cheaper it gets for use in developing nations. Historically, developing nations have always chosen to maximize energy consumption by using the cheapest sources available. How is this going to be mitigated? I'm not aware of any discussions on this topic, but hope they exist.
- selectodude 5y agoThe amount of "cheap" oil has fallen dramatically. Only a handful of sources can drill for less than $20/bbl and make a profit.
- Robotbeat 5y agoThe US is actually a net exporter of oil (and oil products), gas, and coal. So if we eliminated current consumption and production in the US, it would actually increase prices slightly overseas. But to really answer your question: 1) We invest in tech and scale up to make renewable energy cheaper than fossil fuel. Other countries will benefit from our scale and tech improvements, reducing the relative competitiveness of fossil fuels. 2) ban production and exports of fossil fuels. Instead, actually export clean energy in the form of ammonia/nitrate fertilizer (from green hydrogen), liquid hydrogen, perhaps synthesized LNG, synth fuels, clean electricity. 3) border adjustments and a CO2-based import tarrif. 4) cultural imperialism making clean energy good (fast electric cars are an excellent example) and fossil fuels unpalatable. 5) International agreements and treaties. 6) tied to that, maybe targeted aid contingent on climate action.