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I'm just stating an economic reality. Unless global societies are willing to pay the owners of oil reserves to keep that oil in the ground, then that oil will b
by intrasight 3y ago
I'm just stating an economic reality. Unless global societies are willing to pay the owners of oil reserves to keep that oil in the ground, then that oil will be pumped out of the ground. So any transition away from oil will have to include that very high price to pay them off for a very long time.
- pfisch 3y agoOil could potentially get priced out for most uses in the next 10-15 years.