AGVann t1_j6bsli0 wrote
Reply to comment by O_K_D in Hundreds of climate activists were arrested in The Hague after blocking the A12 highway in both ways on Saturday afternoon in protest at government subsidies for fossil fuels such as oil and gas by DoremusJessup
And that switch is being delayed because there's an artificial economic lever being pulled in favor of oil and gas corporations. You can't have this bullshit about the invisible hand of the free market but also argue for interventions in the market to prevent transitions.
koreamax t1_j6bxa2o wrote
So, that means for a pretty extended period of time, energy prices will go way up. Most of the world cannot afford that
AGVann t1_j6bz18t wrote
No, because the price of oil and gas is artificially inflated already due to OPEC. Every time there's a risk of competition, Saudi Arabia intentionally crashes the price of oil to force companies into unprofitability. The US fracking industry was collateral in the Russo-Saudi oil price war.
All these subsidies do is guarantee that western nations are subsidizing the extremely high price of oil and gas that Saudi Arabia sets. If there was genuine competition, the price of energy overall would fall.
koreamax t1_j6bz9hf wrote
Yes, Opec artificially inflates prices. What does that have to do with the Netherlands? Industrialized society is build on fossil fuels and you can't just replace them right away. Especially with the extremely high start up cost for renewables
Viewing a single comment thread. View all comments