RE:RE:RE:Gulf Cooperative Council Pivots To Green
geezer21 wrote: "Utilising hydrocarbon revenues to transition to green technology when it becomes commercially viable makes sense. Mandating uneconomic green theory supported by public debt does not."
That appears logical but is it really? As the cost of oil goes up so wil he cost of making a transition go up as oil is the major component of making a transition. A better logic says that a transition should be done sooner than later. Like most things the longer you wait the more expensive they get.
The handwritting is on the wall that is why there is a big push to get as many electric cars on the road as soon as possible. There is such a rush now that mandates are being put in place that all cars are to be electric.
A transition in and of itself is going to cost. The benefits only come later once a transition is on place, like any investment.
Bottom line everyone knows how oil supplies been curtailed dramatically with green agenda ..
With China opening now , look out !!