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by m000 301 days ago
For oil companies, smooth transition to renewables == lost profits.

They'd rather see world go through an energy crisis which will make their profits skyrocket, before we eventually de-fossilize.

1 comments

oil is a huge mistake at this point, as any country that is investing in a solar/wind/renewables GRID, is watching there costs go into freefall, not just freefall, but costs that are disconected from energy markets built on consumable fuels and therefor stable and predictable. many countrys are figuring out that energy stability = societal/cultural stability and are slowly backing away from the chaos and ongoing disaster of oil/carbon