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DynamicWorlds
The Rational National
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Comments by "DynamicWorlds" (@dynamicworlds1) on "CNBC's Jim Cramer Says Divestment Has Destroyed Fossil Fuels" video.
1:15 it's not about younger people not "believing" you can't ever make a fossile fuel company sustainable. It's us understanding the science that proves you can't.
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@CosmicDamian we do not need to expand oil production to get off fossile fuels. That's absurd. Unless you want to start talking about nationalizing energy production (which I'm game to talk about) increasing oil prices (due to less investment going to increasing oil production) will cause the market to drive resources towards renewable energy. Btw, those funds that exclude fossile fuels tend to invest strongly in renewable energy which will drive our current energy production from oil extraction toward green energy production.
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@CosmicDamian the fact that this is being driven specifically by divestment dispite solid returns is absolutely key here. The fact that people are investing in renewables dispite the lower returns is meaning that the market will behave differently than is typical and effectively work as a form of subsidy of renewables. In game theory terms this is a bunch of people in a prisoner's dilemma switching from defecting to cooperating in mass, which is starting to upset the entire balance of power in the energy market (and could threaten the cost/benefit calculation of fossile fuel investment if it goes much further). Keep in mind also, that as more renewables get produced, more of the costs of producing them will be based on the prices for renewables, so we just need to push things past a tipping point to flip the system (after which, fossile fuels will become an increasingly niche market for where renewable sources aren't yet practical).
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