I don’t understand why there’s no secondary option if Strait of Hormuz goes down. Obviously there are alternative routes out there but why big gas companies even governments did not see this coming. Are they okay losing billions? Or do they actually have a plan that ordinary people don’t know about?
I feel like sometimes you are capitalizing your words to make a point, and sometimes just because your fingers slipped, and it’s giving me a headache…
Anyway, consistently pushing pro-fossil-fuel legislation through goverments around the world clearly shows, imo, that corporations are not entirely driven by quarterly profits. They can plan to be evil on longer time horizons than that.
But the quarterly earnings cycle is what makes this a specifically capitalist phenomenon. Of course, corporations are greedy and will try to make a buck at everyone else’s expense. That’s sort of their thing. But other forms of power are hardly immune from poor descision-making. Count the monarchs and despots who have started wars or enacted sweeping agricultural reforms only to result in the deaths of millions, just because they felt like it or were born inbred and insane. Or count the number of times a politician has let debt balloon or delayed maintenance on critical infrastructure, because an election was coming up and they didn’t want to become unpopular.
Are you saying socialism would solve this problem? Because Venezuela was socialist for a while, and they continued being one of the top oil producers in the world. And then their economy collapsed.
Or perhaps Venezuela is too authoritarian for you??? Okay, then let’s consider autonomous Catalonia. This source notes that Catalonia generates 22% of its electricity via renewables. But compare that to Europe, where the economic zone average is 47%, or Spain as a whole, where renewables are nearly 60%. Shouldn’t we expect all these forward-thinking Catalonians to be voluntarily cooperating in order to move to renewable sources faster than the rest of Europe?
My First language is German and i have resigned in the war against autocorrect. Only manually correcting the egrigious mistakes.
Regarding catalonia: we see that catalonia is still very much a Market Economy, since they are reliant on firms to Take Profit oriented interest in the Change. Furthermore their dependence is mostly on nuclear energy, so their Problem is the atomic garbage. Additionally their legal framework wasnt optimized and their populous is not convinced of the necessity. But they tried to develop a legal Framework for Solar and especially Wind Parks, despite having no real incentive because of their nuclear energy, at least on the governmental layer.
Regarding Venezuela: they are already heavily in Green Energy, what are you talking about?
If they Energy is water or solar or Wind doesnt Matter.