Oil supported by the world's biggest military and huge subsidies.
It's why moving to renewables would be catastrophic for the US. And for all of the big Fossils, including Russia and the Saudis. And the smaller second-order beneficiaries like the UK who make money from "services" - moving the big money around and avoiding taxes on it.
We're in a messy transition to a post-fossil global economy. It's going to take decades, and it's not obvious how much will be left standing when it's over.
But one way or another, it's locked in and unavoidable.
It's why moving to renewables would be catastrophic for the US. And for all of the big Fossils, including Russia and the Saudis. And the smaller second-order beneficiaries like the UK who make money from "services" - moving the big money around and avoiding taxes on it.
We're in a messy transition to a post-fossil global economy. It's going to take decades, and it's not obvious how much will be left standing when it's over.
But one way or another, it's locked in and unavoidable.