Comments by "Paul Aiello" (@paul1979uk2000) on "1 liter of petrol or diesel will soon cost $4 USD in Europe" video.

  1. It wouldn't matter by then, because by the time we get to that, the value of oil will be little to none in that most of us won't need it. But in the end, higher prices on fossil fuels is a good thing for killing that industry off sooner rather than later as renewables keep getting better and cheaper. If the fossil industry were smart, they really need to slash prices with the aim of extending their life another decade or two, but personally, I'm grateful they are trying to push the price up, whiles trying to price fix, as that will help to kill there industries off sooner rather than later, and in the case of Europe, fuel cost is already more expensive than many other parts of the world because of taxes on it, but that encourages a bigger push away from fossil fuels towards cleaner energy sources. The fossil industry might have 2 decades left at the most where after that, the downwards pressure on the price point will be immense thanks to how cheap renewable energy is, and more so as the world shifts to EV cars and heat pump, basically, going all electric and reducing the need for oil and gas, as we can generate electric by many other means like renewables. History has also shown that when the fossil industry tries to push prices up and try to control the price, it usually ends up favouring the renewable industry as more investments happen. The Irony is, China is probably doing the most damage when it comes to the fossil industry, mainly because of how aggressive they are on pushing renewable energy on both the tech and pricing, that's followed by the EU and the US, so in the end, let the fossil industry play there games with trying to fix and push up prices at a time when alternative clean energy is getting cheaper, it's only going to end badly for the fossil industry sooner rather then later.
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