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Not so if you get Y from other sources than oil.
by lstodd 4y ago
Not so if you get Y from other sources than oil.
- margalabargala 4y agoYou can, but in that scenario, oil becomes a niche product that is very expensive, because for everything that doesn't need oil it's significantly cheaper and more efficient to just use whatever energy source you're using for Y in your example. In this scenario, oil power plants can't operate anymore anyway, so demand for oil probably gets relegated to stuff like classic cars.
- lstodd 4y agoYeah, classic cars and also all the rest of most things. Where do you think all the plastic stuff originates? Natgas and oil to the point that fuels are becoming a byproduct. Edit: why Germany is now so troubled about Russian gas? Not because they'll freeze, but because the choice is to either freeze or shut down most of the industry. Which you can't just spin up in a couple of weeks.