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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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    • [–] 13 points 4 months ago (3 children)

    Y'know, for somebody who really wanted to reboot the fossil fuel industry, he sure as hell succeeded more than anyone else in killing it off faster than anyone thought possible. Nobody thought you could kill off fossil fuel so fast, it couldn't be done they said, but he, king trump, did it!

    All hail king trump!

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    • [–] 6 points 4 months ago

    They have been since the late 1970's oil crisis.

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    [–] 2 points 4 months ago

    Great, even more expensive and disastrous fracking gas from the fascist USSA for Europe.

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