Renewable Energy Turning point---finally some good news!

[cally]

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3 minute video with Heather Cox Richardson and Paul Krugman

[mitch96]

1. This is going to be a wakeup call for what is going to happen in the next 50 year?

Estimates of oil reserves around the world predict what's going to happen. The price of oil will skyrocket as reserves decline..
Then what are we gonna do?
Our modern world revolves around oil and the products it produces..
We will never run out of oil, It will just be too expensive..
Supply ⬇️ and demand ⬆️ dictate price💲💲
What is going to power huge container ships? What is going to power large over the road diesel trailer tractor trailers that deliver our goods?
Jet fuel? Fertilizers? plastics? medicines?
Who you gonna call and it ain't ghostbusters...
m

[IbogaProject]

2. There isn't a shortage of oil

And there never has been. Just global market manipulations to put whole countries under sanctions to keep their oil off the market. That said there is a current shortage of oil in transport for consumption, so there is a crisis. But this is going to cause demand to shift. Less imported produce. More demand for locally priced food stuffs. There will be inflation and likely a recession or maybe even an economic depression. But if enough national banks creat enough liquidity there then they might be able to cushion the bottom. I'm seeing demand reduction, less cars on the streets of Manhatten here in NYC already. And I feel it will take time for all that money wasted on more expensive gas will translate to less long range trips to big faraway torist destinations. How that will balance out with less people going on cruses and taking international trips, so we here in NYC may get more Americans and less foreignors. I feel this will translate in slower consumer spending, less food bought from resturants and fast food places, less trips, etc.