Comments by "Doncarlo" (@doujinflip) on "The New Geopolitics of Oil." video.

  1. Oil as fuel though is starting on its way out though. Burning it constitutes like 2/3 of petroleum consumption, and the electrification of transport will massively cut the want for oil.
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  2. Electrified transport and heating will cut over half the consumption of oil though. Producers will ultimately cut production, and that will crash the budgets of petrostates and with it the civil stability of societies who spent generations burning their way to "prosperity"... Venezuela is only the beginning.
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  3. More likely they'll just install specialized high temperature models.
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  4. Burning oil as fuel makes up like 2/3 of its consumption though, and the electrification of transportation will massively cut into the overall want for petroleum.
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  5. The overall want for oil though is in trouble though, and with it the economies dependent on drilling and selling petroleum.
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  6. Petroleum-based budgets allowed autocrats to easily buy their legitimacy. Places that had to opt for cleaner energy sources also need more competent and democratized societal institutions.
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