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This means the world won't descend into chaos before we finish the transition away from fossil fuels. I'm not worried about advancement in renewable energy. It
by mkr-hn 14y ago
This means the world won't descend into chaos before we finish the transition away from fossil fuels.
I'm not worried about advancement in renewable energy. It will slow as oil gets cheaper, but not too much. Energy companies will continue to develop it as a long-term plan since they've already spent so much time and money working on it.
- khuey 14y agoWhy would they do that? Isn't that the sunk cost fallacy?
- mkr-hn 14y agoThere are only so many ancient seabeds to scrape and pump. We will eventually run out. They already have a jump on preparing for the inevitable, so it would be silly to toss it out the window just because oil has been given a reprieve.