The sound of heads gullibly and gloriously shoved in the sand is deafening for anybody not having their ears full of sand.
What I think will end up happening is a lot of fracking and a simultaneous growth of renewables. There’s money to be made in both, but renewables aren’t limited by finite resources, so they’re the future while the oil companies squeeze as much fossil fuel (read: money) out of the earth as they can in the meantime.
How do you think we turn the unlimited source of energy into power? With rare resources!
For now. That’s not guaranteed to always be so, but we already know the hard limitations of fossil fuels.
We need to reduce our consumption, but no one wants to discuss the hard stuff.
Luckily the finances have got a point where renewables are a no brainer. Hopefully they’d struggle to stop them if they wanted to. The big fossil fuel companies would be stupid not to invest in both.
There is a very strong likelihood that Trump will force interest rates down mostly as part of his destructive policies, but also influence over Fed. Low interest rates is a huge boost for renewables, because costs are almost entirely upfront. A lower target ROI still supports maximum leverage ratio, and lower energy sales prices to achieve the ROI.
