Trump’s oil crisis is accelerating the end of the fossil fuel era. Ironically for Trump and his oil industry donors, this crisis may be an irreversible tipping point for clean energy. Fossil fuels have become expensive and unreliable, while renewables are cheap, reliable and secure.
http://www.scmp.com/week-asia/opinion/article/3351337/trumps-oil-crisis-accelerating-end-fossil-fuel-era
Posted by mafco
2 Comments
But next quarter numbers are over 5000 that’s all that matters to the shareholders.
Yeah, I highly doubt it, the US and Global energy industry is way way too large to shift substantially overnight.
Until battery tech becomes really really cheap and density increases by a factor of 2 and political will is unswayed by big oil only then will we see a substantive change.
In the US and much of the West EV sales is still like 5% , that’s partially by design , all to say big oil won’t be changing in our lifetimes