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How the Strait of Hormuz standoff flipped the energy security debate: "fossil fuels are now intermittent and uncertain" (www.cnbc.com)
submitted 4 months ago by [M] to c/climate@slrpnk.net
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[–] 14 points 4 months ago (3 children)

The fossil fuel market just might collapse in the coming year.

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  • [–] 5 points 4 months ago (2 children)

    It won't collapse; you still need to build out enough infrastructure to replace fossil fuels.

    What will happen is that there is going to be a massive economic shock as any fossil fuel related industry sees costs spike. For instance, I expect several low cost airlines to go out of business.

    Any energy infrastructure being built will likely be non-fossil fuel.

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