alt Hacker NewsProfit is not everything.
> That being said, many countries consider it a national security issue not to be held hostage to foreign oil.
Spot on. That, plus... peak oil.
Profit is not everything.
> That being said, many countries consider it a national security issue not to be held hostage to foreign oil.
Spot on. That, plus... peak oil.
Peak oil was supposed to have happened decades ago but current projections put it well past 2050. Demand for oil is going to fall due to electrification long before we run out of sufficient oil production capacity.
It is clear at this point that peak oil was another failed Malthusian projection. I don't think peak oil is guiding much national policy aside from the national security aspects.