The media isn't interested in the biggest technology story of the 2020s, the rapid transition to clean energy, because
1) it will destroy a bunch of oil based wealth and is a boring, competirive low margin business
2) it makes Democrats look good for helping it and they want Republicans to win
The powers that be are desperate that American voters not find out about this because so many of them profit from the Saudi's bonesaw regime and it's alliance with Trump bsky.app/profile/crai...
There is a one-two punch the administration is pulling off here. Not only accelerating the transition to clean energy but breaking oil’s ability to manipulate the market to defend its position. bsky.app/profile/chri...
I suspect what will happen is that Saudi Arabia realizes they are in a "use it or lose it" situation with their oil reserves and turns on the taps at full volume and puts all the other oil producers in expensive-to-extract regions out of business rapidly. But who knows bsky.app/profile/meze...
I worry that we haven't really seen exactly what the death throes of the oil wealth look like yet. They're not going to be able to stop the energy replacement, its moving too fast and its too far along, but there's so much money in oil still that I wonder how they'll try to take the economy hostage
So far the thing Saudi Arabia is going to try to transition away from reliance on oil profits is like "give Karim Benzema $200M to play soccer in empty stadiums" so I don't really have a lot of faith in their rationality going forward
