How are they going to convert their assets in that scenario? The value of oil will just go down from here on out, eventually it’ll reach a point where it starts going back up again because it’ll be such a hard to acquire commodity for the few people that want it.
Eventually we’ll get to a point where the only people who use oil are rich people who can afford to run vintage cars and presumably pay some kind of carbon offset tax.
And even for vintage cars and stuff, I assume we’ll see better eco friendly and bio fuels being created that could be made in smaller batches without needing to use conventional oil as the fuel. Starting to see more and more of this on aviation already, and even some old warbirds have done recent tests on these fuels and run really well.
Yeah the US Airforce tested all their planes even the stealth bomber on a SAF that can be made from sequestered carbon, they said it passed all tests and that it would be a great way to be fuel independent, they’re especially interested as it seems to look possible to fit carbon capture and processing in a small enough package to fit in an aircraft carrier. Even if manned planes aren’t as useful in future conflicts we’ll likely see drones that use jet fuel replace them.
You really sound desperate to reject any possibility that hard work and human ingenuity can solve problems. I assume it’s because you’re scared of feeling you have to actually take life seriously and consider the implications of each choice you make.
Oh please! I’d love to see Big Oil shrivel and die just like our societies and very planet have under their influence.
They will just take all their oil billions and buy up battery companies at the last moment.
How are they going to convert their assets in that scenario? The value of oil will just go down from here on out, eventually it’ll reach a point where it starts going back up again because it’ll be such a hard to acquire commodity for the few people that want it.
Eventually we’ll get to a point where the only people who use oil are rich people who can afford to run vintage cars and presumably pay some kind of carbon offset tax.
And even for vintage cars and stuff, I assume we’ll see better eco friendly and bio fuels being created that could be made in smaller batches without needing to use conventional oil as the fuel. Starting to see more and more of this on aviation already, and even some old warbirds have done recent tests on these fuels and run really well.
Yeah the US Airforce tested all their planes even the stealth bomber on a SAF that can be made from sequestered carbon, they said it passed all tests and that it would be a great way to be fuel independent, they’re especially interested as it seems to look possible to fit carbon capture and processing in a small enough package to fit in an aircraft carrier. Even if manned planes aren’t as useful in future conflicts we’ll likely see drones that use jet fuel replace them.
Too bad the lithium battery industry is no better. Those places are child labor slave mines and the environmental damage is astronomical…
You really sound desperate to reject any possibility that hard work and human ingenuity can solve problems. I assume it’s because you’re scared of feeling you have to actually take life seriously and consider the implications of each choice you make.