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0 pointsant6n3y ago0 comments

> Solar, wind, or whatever Future Tech is unlikely to have the same direct mine->refine->commodity->sell->use cycle on which a lot of this edifice is built

What’s that mean? Solar is providing energy at similar costs.

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cmrdporcupine3y ago

It's providing energy with fewer intermediaries soaking up profits along the way, and can be done "anywhere" the sun shines instead of where resource deposits are concentrated. Entire political classes will be (and are) mobilized to push against this. There is a lot to lose for a lot of people.

That and a huge % of the stock market's value right now is built up of energy companies. Especially here in Canada.

ant6nOP3y ago

So we’ll spread out energy production to more smaller actors, and it will be more interesting how energy is used. That could rejuvenate markets, let old fossil giants die.

Trudeau should rejoin the Paris Accords and move to the secondary and tertiary sectors (or as Mulcair put, get rid of Dutch Disease), or Canada (and everybody else) will be fucked.

cmrdporcupine3y ago

Perhaps you're misreading me as thinking the collapse of fossil fuel energy sector would be a bad thing? It wouldn't be, in the bigger picture.

But there's still boatloads of people over-invested in it who are going to be in for a rude awakening if humanity actually gets its shit together.

j / k navigate · click thread line to collapse

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cmrdporcupine3y ago

That and a huge % of the stock market's value right now is built up of energy companies. Especially here in Canada.

ant6nOP3y ago

So we’ll spread out energy production to more smaller actors, and it will be more interesting how energy is used. That could rejuvenate markets, let old fossil giants die.

Trudeau should rejoin the Paris Accords and move to the secondary and tertiary sectors (or as Mulcair put, get rid of Dutch Disease), or Canada (and everybody else) will be fucked.

cmrdporcupine3y ago

Perhaps you're misreading me as thinking the collapse of fossil fuel energy sector would be a bad thing? It wouldn't be, in the bigger picture.

But there's still boatloads of people over-invested in it who are going to be in for a rude awakening if humanity actually gets its shit together.

j / k navigate · click thread line to collapse