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> We get there by a (very likely) short-term increase in current energy production Right. But right now we're incentivizing the opposite. We're telling fossi
by 01100011 4y ago
> We get there by a (very likely) short-term increase in current energy production
Right. But right now we're incentivizing the opposite. We're telling fossil fuel companies we don't need them anymore long before we've actually figured out a way to live without them. Do you see the problem yet?
- bryanlarsen 4y agoThe only signal that matters is the price signal. At $80/bbl, fossil fuel companies are getting a very strong signal that they're needed.
- 01100011 4y agoSorry, no. $80/bbl is a temporary price and not sufficient to drive infrastructure investments which take upwards of 3 decades to pay back(i.e. refineries). You can't expect private companies to invest in these things when states like CA are talking about banning the sale of IC cars in a decade.
- ncmncm 4y agoYou contradict yourself. The high prices are temporary because there is still demand. As demand falls off, price falls, and wells too expensive to operate are abandoned. The remaining wells will produce enough. CA is not banning sale of ICE cars. They are banning sale of new ICE cars.