4 ms·
I share your optimism in most parts but don't agree that fossil fuels will be stranded. Reduced demand will push down prices which will increase demand until a
by oezi 3y ago
I share your optimism in most parts but don't agree that fossil fuels will be stranded. Reduced demand will push down prices which will increase demand until a new equilibrium is found that satisfies cost of production. As long as the Saudis can produce oil at 6 USD per barrel and sell for more (80 USD atm), they will sell their oil.
- toomuchtodo 3y agoComplex topic. Lets scope to solely the electrical grid for this subthread. Oil is already not competitive in most generation mixes (there are some outliers in Central America, for example). That leaves coal and fossil gas. This generation infrastructure, the burners of these fossil fuels, is what will be stranded. Indeed there is much work to be done to drive fossil fuels out of all modes of transportation.