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There is no danger or possibility of turning off oil or coal tomorrow, so it is a wholly idle concern. Concern trolling, really. Demand will fall continuously,
by ncmncm 4y ago
There is no danger or possibility of turning off oil or coal tomorrow, so it is a wholly idle concern. Concern trolling, really.
Demand will fall continuously, and supply will track it. The less of it utilities use, the less sensitive they will become to price, i.e. willing to pay more for it, when they need any at all. But as demand falls off, it will be harder to place what you have, if you have extra. So expect investment in sourcing to fall. These factors will make price volatile.
Industries still using mined hydrocarbons will look to get off them well before alternatives cost matches it, just because prices for alternatives will be more stable, falling on a predictable downward trend.