I don’t understand why there’s no secondary option if Strait of Hormuz goes down. Obviously there are alternative routes out there but why big gas companies even governments did not see this coming. Are they okay losing billions? Or do they actually have a plan that ordinary people don’t know about?
pulease. long term plannig my asshole.
the modern world is littered with the failures to ‘long term plan’. i remeber thinking the world would be run by sears, ibm and xerox
the world has shifted to ‘just in time’ supply chains… warehousing is considered liability. the wealthy people youre referring to have globally diversified… it would take actual catastrophe to affect them because when youre that rich even a recession is opportunity.
SO IS THE ANCIENT WORLD. That’s my point. People, in general, are bad at long term planning, and we should not have so much hubris as to believe we have improved on this state of affairs. The old yiddish proverb “Man plans, god laughs” is as poignant today as it was in the past.
The null hypothesis here should be “this happened because people are dumb and the world is chaotic”. The world today is significantly less dumb and chaotic than it was in the past, and that’s great! But it is rather entitled to think that we should expect the world to be orderly and prosperous as a rule. Shit happens. Assholes gain power and start wars. Sometimes things that were abundant become scarcer. This isn’t a capitalism thing - this shit has been going on since the dawn of civilization.
The Thing is that a very big Part of the damage could have been at least weakened if the renewables wouldve been expanded upon at the time people sounded the Alarm.
But for some mysterious and definitely not evil, meaning short sighted, profit driven reason renewables werent build in a capacity that was necessary.
The knowledge that oil could become a liability is, depending who you ask,already about 50 years old.
What could that be called If there is Problem in the Future that is definitely coming but acting would cost Money that is not immediatly coming in again…?
Short something… Maybe Profit something…
Ah! Betting the foundation of human civilization that some magical technology will surely be developed in time and If we dont get it in time we deserve the apocalypse as species, since we dissapointed the invisible Hand of the Market.
I feel like sometimes you are capitalizing your words to make a point, and sometimes just because your fingers slipped, and it’s giving me a headache…
Anyway, consistently pushing pro-fossil-fuel legislation through goverments around the world clearly shows, imo, that corporations are not entirely driven by quarterly profits. They can plan to be evil on longer time horizons than that.
But the quarterly earnings cycle is what makes this a specifically capitalist phenomenon. Of course, corporations are greedy and will try to make a buck at everyone else’s expense. That’s sort of their thing. But other forms of power are hardly immune from poor descision-making. Count the monarchs and despots who have started wars or enacted sweeping agricultural reforms only to result in the deaths of millions, just because they felt like it or were born inbred and insane. Or count the number of times a politician has let debt balloon or delayed maintenance on critical infrastructure, because an election was coming up and they didn’t want to become unpopular.
Are you saying socialism would solve this problem? Because Venezuela was socialist for a while, and they continued being one of the top oil producers in the world. And then their economy collapsed.
Or perhaps Venezuela is too authoritarian for you??? Okay, then let’s consider autonomous Catalonia. This source notes that Catalonia generates 22% of its electricity via renewables. But compare that to Europe, where the economic zone average is 47%, or Spain as a whole, where renewables are nearly 60%. Shouldn’t we expect all these forward-thinking Catalonians to be voluntarily cooperating in order to move to renewable sources faster than the rest of Europe?
My First language is German and i have resigned in the war against autocorrect. Only manually correcting the egrigious mistakes.
Regarding catalonia: we see that catalonia is still very much a Market Economy, since they are reliant on firms to Take Profit oriented interest in the Change. Furthermore their dependence is mostly on nuclear energy, so their Problem is the atomic garbage. Additionally their legal framework wasnt optimized and their populous is not convinced of the necessity. But they tried to develop a legal Framework for Solar and especially Wind Parks, despite having no real incentive because of their nuclear energy, at least on the governmental layer.
Regarding Venezuela: they are already heavily in Green Energy, what are you talking about?
If they Energy is water or solar or Wind doesnt Matter.