“The oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world’s leading energy economist said.”

    • eleitl@lemmy.zip
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      11 hours ago

      But most of the infrastructure for harvesting renewable power comes from China, has a price and import can be embargoed.

      • Einskjaldi@lemmy.world
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        16 hours ago

        Once China reaches enough solar panels for itself the amount they export will skyrocket and it will provide solar for the whole world, because it’s profitable at scale.

        • evenglow@lemmy.world
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          15 hours ago

          They’ve been exporting for years. Which is why USA made them expensive and made laws to prevent people from buying them.

          China has been providing solar to the entire world for a long time. China produces more solar energy just inside China that exceeds the entire energy consumption of USA.

          Take a moment on that one. Appreciate that scale.

    • Einskjaldi@lemmy.world
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      16 hours ago

      Petrochemical industry should be the last thing using oil in decades because it actually needs the exact chemical feedstock. But with declining demand there sound be enough oil wells in existence to keep enough supply to match the declining demand decrease slowly over time.