Submitted by chrisdh79 t3_z8de39 in technology
ahfoo t1_iyc25vx wrote
Reply to comment by travelin_man_yeah in Modern Slavery Is a Global Problem in All Renewable Energy Supply Chains: New Report by chrisdh79
Keep your eye on the ball here --solar power is uniquely evil. The manipulation is so plain. Apple products? Oh, we wouldn't want to hurt the tech market with tariffs. Solar though? Oh fuck yeah. Democrats and Republicans alike will slap them with tariffs in a heartbeat and tell you that they're made from the kidneys of sex trafficked children etc.
How does this insanity persist? Easy --follow the money. The US is third place after Saudi Arabia and Russia in the list of the world's oil producers. The US military is entirely dependent on oil. The name of the game is oil, oil, oil. Did I mention oil?
The world consumes 88 million barrels of oil per day. Poof! Its goes up in smoke literally and then tomorrow you burn another 88 million barrels. That's about seven billion dollars per day every freakin' day --two, three trillion a year just in revenues at the pump. Global semiconductor revenues are not even 600 billion which is less revenue than insurance. Tech is just a game compared to the oil money.
The only things that can compare to oil in terms of revenue and value are real estate, finance and banking. Tech is a bit player in the global economy but it's sexy so it's in the news all the time. The only time the knives come out is for anything that threatens oil.
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