Quote:
Originally Posted by djforsberg
Nothing else really matters, to be honest, and if we keep kicking the can down the road, it's only going to be harder to react to.
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There's almost no road left. Quite frankly this slavish devotion on the part of some to the fossil fuel industry confounds me. Unless those posters are all major shareholders in oil companies (or are employed by them) I can't see any logical reason to keep defending the status quo.
Here are my uneducated opinions on the issue (for what they're worth):
Even if government revenue falls short term because of a reduction in the oil & gas industry, they will find other revenue streams associated with clean energy providers. Governments can get very "creative" when it comes to finding $$, I have no doubt they will find something to tax in clean energy.
Even if investment funds lose some of their perceived value, they will rebound by investing in more profitable ventures than oil & gas.
Even if all cars and trucks go electric, Oil & Gas companies will not disappear completely. Their product will still be needed for the construction of plastics, construction and a number of other uses. They will simply make less profit than they do now. Boo hoo.
Even if climate change is a complete and utter hoax, as some still believe, cleaning up the air and water from the decades of crap we have been putting into it is worth a reduction in the oil & gas industry, IMO. Again, boo hoo oil & gas industry.
Ultimately, however, change happens. Burning wood gives way to coal, burning coal gives way to oil and natural gas, oil & natural gas will give way to a more efficient energy source.