alt Hacker NewsWhy would the oil industry collapse? It seems to me that there is nearly an unlimited demand for energy on the planet. If there's extra energy somewhere, humans will find a use for it. Quality of life for humans is directly correlated with energy abundance (of all kinds, solar is included in that).
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seanmcdirmid • yesterday at 9:28 PM
Burning oil directly is incredibly dirty, even though Saudi does that, it feels like a bad bet in general in terms of environmental destruction. You can refine it into gasoline, but that takes as much energy so you wouldn’t gain much.
Better to just apply it for non-energy use cases.
Because it’s on track to become expensive than other sources of energy. There are plenty energy sources we don’t use because they are comparatively expensive.