Quote from: caffinated on Today at 03:45:39 PM

Quote from: Ultegra134 on May 31, 2022, 06:19:27 PM

Quote from: be.open on May 31, 2022, 04:54:34 AM

Quote from: Naficopa on May 28, 2022, 04:01:33 PM

Quote from: Ultegra134 on May 28, 2022, 03:34:26 PM

Tesla is already receiving orders for their Semi, by depositing a $20.000 down payment. If I'm not mistaken, deliveries are claimed to start from 2024, according to Elon Musk. A few other companies are also said to develop, or have developed smaller trucks already, such as BYD or Daimler. It would be interesting to see what range they'll achieve, because they're way too heavy, and how fast they'll charge

I wish the whole world turns to these environment friendly vehicles - and there is no need for fuel - this OIL war has done so much damage to the world. The monopoly is not going to end and there will be no peace on the earth if the same situation continues.

Instead of the current problems with gasoline, problems with electricity will begin, that's all.

Well, Brent oil has spiked to $125/barrel, which will send prices over 10 cents per liter, surpassing €2.45/liter of unleaded 95 petrol. As you've said yourself, the situation is bound to get worse, and I'm not sure how our citizens will make ends meet, including myself. Electricity will become a huge issue in the upcoming weeks, they are already discussing to ban cars on Sundays, limit A/C usage and a few other measures that I cannot recall at the moment.

The reliance on oil has always been the easy solution but it is not the only solution. The problem is the politicians are not paid to solve problems, they are paid to politik problems. Europe has ample land, order solar panels from china and put em up like no tomorrow and watch what happens. China's factories can churn out panels pretty fast. The poorer regions could use this as a source of income for the richer regions. Solar efficiency is increasing despite the funding for solar being well below the R&D budgets for fossil fuels. There are prototypes of over 50% efficiency, the current solar cells in market are only around 15% efficient right now.

There is still sufficient time to shift from fossil fuels before reserves dry up... oh and theres a shortcut too if the earth doesent matter, just buy from the other oil producing countries, countries like the UAE have tons theyre sitting on.

All of this wont happen though... heres whats going to happen instead... largely nothing will be done to address the supply issue. Some supplies may be arranged from alternate suppliers but they will be inadequate. Fuel prices will continue rising. Daily items prices will sky rocket. In some countries the prices of groceries tripled during early days of covid and continue to rise till today.
"You will own nothing and be happy" know where that comes from?
The money printer that was turned on during COVID will continue the after effects of 'inflation'. If this does not show why FIAT is a failure i do not know what will.. This is why BTC exists and is a hedge against inflation.

EVs will not solve the problem because the problem is where does the electricity come from? Many times a major chunk of it comes from fuel...

I am optimistic that the problem of energy is addressable on a global scale without fossil fuels but skeptical that any major country has the guts to move away from fossil fuels dependence (bhutan is a good pilot case study on green energy as a major source of energy)

Solar panels are a great solution for countries with excessive sunlight, such as Greece or Italy, but no one seems to be taking advantage of such an opportunity. As you've already mentioned, EVs are not solving anything, since the percentage of renewable energy sources is minimal, according to OurWorldinData, it was just 11% in 2019, a number which may have slightly increased.

On top of that, they are currently exceedingly expensive for the average household, but that's supposed to change in the future. Fuel continues rising, groceries as well while getting by is a lot more difficult now. On top of that, as you've also mentioned, that huge chunk of oil supply from Russia hasn't been replaced and is causing an outrage in pretty much everything.