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Battery prices are falling like a rock. Solar and wind prices are falling like a rock. EVs are going mainstream. Fusion is showing signs of progress after years
by api 5y ago
Battery prices are falling like a rock. Solar and wind prices are falling like a rock. EVs are going mainstream. Fusion is showing signs of progress after years of stagnation.
Oil and gas sales accounted for 68% of Russia's export revenues in 2013. That number is probably higher today. Oil and gas are between 15% and 20% of Russia's entire economy.
I really wonder if Russia's behavior is related to the impending end of the fossil fuel age. The Saudis and other petrostates lack Russia's military power and so they are instead frantically throwing money at crazy future-city projects and other boondoggles to try to build a future for themselves that is not rooted in oil and gas. Russia has nukes and a lot of conventional weapons, so maybe a militaristic path seems more viable to them.