alt Hacker News$135M a day is almost nothing (~$50b/yr) for an area with combined GDP of ~$30T.
Edit: People's general understanding of the scale of economies is genuinely terrifying to witness.
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Somewhere between 6-9% of total retail electricity spend. So, not almost nothing.
If we're talking about money not spent, aren't savings almost unlimited just from mechanization? The train, the car, the shopping cart, the dishwasher may be saving us all several economies worth of work on a daily basis
Of course we can hope for more, but would you agree it is a good start though?
$50b/yr is not going to support the terrorism around the world
This capital saved (~$50B/year) can be recycled into more renewables, storage, transmission, and EVs to further drive down future petroleum demand, creating even more savings into the future. Stocks vs flows. Price of clean tech keeps rapidly falling, investment will continue to ramp. Think like a flywheel.
It's not nothing. Plus the fact that it's money not not getting shipped out of Europe to hostile regions is a net win.