This is horrible from POV of mitigating the climate catastrophe and the global death toll. We (as in humanity) are really late in ramping down fossils production and use.

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nostrademons 12 hours ago | parent [-]

Eh if the U.S. gets into a forever war with Iran the same way we did with Iraq and Afghanistan and Vietnam (or like how Russia got into one with Afghanistan and Ukraine), the climate crisis is solved. Five years of the Straight of Hormuz being closed and everybody will be using EVs.

Legislation isn't going to work. Economics isn't going to work. War - which cuts off the flow of petroleum because nobody is willing to risk their life for oil - will work very quickly. Nothing quite like a shortage to spur innovation.

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downrightmike 11 hours ago | parent [-]

80% of the world's oil is not going through the straight at all. 5 years is still optimistic. Esp if we are starting wars to pump up the futures market

	▲	nostrademons 11 hours ago \| parent [-]
		Doesn't take a huge decrease in production to result in a huge increase in price, due to inelasticity in demand. Renewables and EVs are a capital-intensive industry, and the thing about capital-intensive industries is that they're prone to bubbles. If you get a year or so of EVs being cheaper than gas cars, you will see a huge growth in sales as lots of consumers make the rational choice all at once. The spike in sales will spur a bubble in capital investment as investors all rush to capitalize on it. The capital investment spurs R&D, which results in technological improvements which make the cost advantage permanent. At the end of the 5 years (or perhaps even before) the price of oil will crash back down, probably lower than it is now, as increased EV adoption destroys demand more than supply was choked off. But at that point we'll all own EVs, they will cost less than gas cars, there will be chargers everywhere, there will be solar panels everywhere, and we'll have better batteries and V2H charging.