The problem with Trump’s oil obsession. Trump is betting on becoming the world’s largest — and last — petrostate. Meanwhile, renewable energy is becoming vastly more cost-effective. China is betting on becoming the world’s largest and lasting electrostate. Which side would you rather be on?
https://www.politico.eu/article/the-problem-with-donald-trump-oil-obsession-venezuela/
Posted by mafco
28 Comments
China
The fact we are burning through 30 billion barrels of oil per year, even with venizuala as a puppet state; their supply could be exhausted within 10 years. Countries will have to transition at some point away from oil; you do not want to be the last one looking around for solar panels when all the material to build them has already been consumed by others. Because the world is quickly running out of all the metals
Could just stop doing authoritarian regimes
Trump is **selling** on becoming the world’s largets – and last – petrostate.
FTFY
Seriously, this is BEYOND STUPID. Trump is a senile old crank with his brain stuck in the 1970s and 80s.
Every year, EVs are getting longer ranges, lower prices, faster charging, etc.
And the Venezuelan oil is thick heavy sour oil that will take hundreds of billions of dollars AND YEARS to extract.
By the time Venezuelan oil is really flowing, there will be no need for it.
I‘ll go with the future.
At this point whatever side Trump is not on….
He knows we are getting dusted in every metric in renewables by China, so he is picking oil to try and compete.
Energy wise, China. Politically, neither.
China
I’d rather be on the side of energy independence, which is renewables. If your economy needs to burn 10 billion barrels of oil a year to maintain a high standard of living, it has to buy that amount of oil every year (well, maybe a little less over time because of increasing productivity). If for whatever reason it cannot obtain that oil, because of embargoes, shortages, sanctions, then it regresses. And there is no limit to how much it can regress. If it can’t obtain any oil, then it basically reverts to the stone age.
Once you install solar panels or windmills, they will generate energy for you for decades. They doesn’t require high levels of expertise to run or maintain, and they can be used and installed locally, like on rooftops for instance. Fossil fuels are the energy of dependence, precarity, and inequality. Renewables are the energy of independence and sustainable, widespread growth.
*starts learning Mandarin*
Who doesn’t want to live in the Mad Max series? Immortan Joe and the War Boys got us covered.
He stopped learning anything about economics in the 1970s.
Trump thinks that it is still 1950, or should be. PRC understands the future.
In the US we’d rather hate brown people than vote sensible leaders.
Ding ding ding
China is the leader along with the EU, and Japan. USA will eventually buy their prove technologies. Much like we consume their automobiles. And, so much for American ingenuity. Trump stunted our development, taking us back a century.
I mean, whatever choice Trump makes means another choice was the correct one. Maybe not 100% of the time but as a general rule. We all know renewables are the future so I’m definitely a firm anti Trump on this one as usual
Us is being so short sighted in the hopes it makes the economy look good in the short term.
He’s also in bed with oil or he wouldn’t have halted and wasted the wind turbine projects.
Y’all still don’t get it the US is preparing for war with China. Losing Venezuela and Iran oil removes fuel for their battle ships. The goal is to choke them out before they can go on the offensive.
investing in petrol is a losing game at this point
Trump = World’s Largest Petrostate, or PROSTATE ?
The opposite side of the guy who bankrupted a casino.
Does China allow pedophile rape?
I actually think it’s much more simple than that. I think he is only doing this so that he can lower gas prices. He wants to talk about how he did that. He foolishly believes that lower gas prices will make people like him.
The US is already the world’s largest petrostate and has been through most of the oil industry’s history.