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We need to get away from oil. Global Warming is very serious. Higher prices will encourage it and lowering prices will postpone it. We don't need to increase pr
by mempko 5y ago
We need to get away from oil. Global Warming is very serious. Higher prices will encourage it and lowering prices will postpone it. We don't need to increase production.
- rank0 5y agoIt’s not that simple. Oil is the most important commodity in the world. We can’t just “get away from oil” as the technology isn’t there to replace it. Your entire lifestyle is dependent on oil. It powers global supply chains and critical societal infrastructure which is simply not optional. Renewables and batteries are great, but they come with their own set of problems which haven’t been solved yet. For example, electrical grids currently do not have the capacity to run completely on renewables as renewables cannot generate scalable energy locally. Overhauling our power grids is a massive undertaking, and we’re going to need to use a ton of oil products to make that happen. Attempting to reduce the worlds dependence on oil via market manipulation is not the correct or effective path towards sustainability.
- mempko 5y agoOil gets $5 trillion a year in government subsidies worldwide. The market manipulation train left the station long ago.