Comments by "Paul Aiello" (@paul1979uk2000) on "Gravitas: OPEC cuts oil production to drive up prices" video.

  1.  @joeshmoe4671  Actually, it could happen a lot sooner than you think, renewable is already cheaper than fossil fuels, now that energy is becoming a security issue, a lot of countries have a big motive to generate as much energy internally. The irony is, cutting oil production, pushes up the price of oil, that makes it less competitive compared to renewable energy and if we look through history, when theres a energy shock, it doesn't last that long, usually about 2 years because the fossil industry panics because a lot more investment in those times happen in renewable. The advantage today is that renewable energy is in a much better position than the past, it's quite cheap, it produces more energy and it's getting better all the time, if the likes of OPEC keeps playing these games, it's going to kill their industry off sooner rather than later. As for some saying it won't happen any time this century, the truth is, the pace of development in any given area, depends on need, if there is a massive need to generate a lot of our own clean energy, it can happen a lot sooner than people think, the truth is, governments have been dragging their feet on alternative energy sources, if energy prices stay high, they won't be able to drag their feet and will have to push hard on alternatives, especially in democratic countries because they answer to the people and they have a low tolerance to high energy prices. Personally, I want fossil energy to stay at a high price, yes it's a bit of short term pain but the long term benefits of that will be massive for us all, history has shown that when there is a need, we can advance more in any given field in just a matter of years that would normally take decades and the truth is, as long as fossil energy is cheap, there wasn't a pressing matter to change, now that it's expensive, watch how quickly change can happen, especially in the west and very likely more so in the EU because of everything that's going on. With that, it's going to be very interesting to see the energy mix over the next decade because I suspect we're going to get some radical changes that would normally take many decades and all it took was Putin to make energy a security issue, got to love Putin for that, he's done what the Greens have been trying to do for decades lol.
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