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3. Fracking. Cheap, abundant energy which is uniquely close both to very educated labour pool and either the most navigable river basin in the world, or the oce
by golergka 3y ago
3. Fracking. Cheap, abundant energy which is uniquely close both to very educated labour pool and either the most navigable river basin in the world, or the ocean.
Saudi Arabia, Russia and other countries may have more oil than US, but it's too far from there places where it would be usable for manufacturing.
- epistasis 3y agoAnd fracking itself was developed with massive amounts of government subsidy, which is conveniently forgotten whenever the issue of "subsidies" comes up. There's also the political motivation of banks, which blindly trusted fossil fuel investments, leading to massive investment that was unprofitable in the first round of fracking. When it comes down to it, fossil fuels are surviving, and continue to survive, largely as a cultural and political effort, as much as a technology effort. And once we move away from them we will be saving massive amounts of money that can be directed towards improving the economy in other areas that improve people's lives rather than damage their lungs and cause climate change.