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?
pulease. long term plannig my asshole.
the modern world is littered with the failures to ‘long term plan’. i remeber thinking the world would be run by sears, ibm and xerox
the world has shifted to ‘just in time’ supply chains… warehousing is considered liability. the wealthy people youre referring to have globally diversified… it would take actual catastrophe to affect them because when youre that rich even a recession is opportunity.
SO IS THE ANCIENT WORLD. That’s my point. People, in general, are bad at long term planning, and we should not have so much hubris as to believe we have improved on this state of affairs. The old yiddish proverb “Man plans, god laughs” is as poignant today as it was in the past.
The null hypothesis here should be “this happened because people are dumb and the world is chaotic”. The world today is significantly less dumb and chaotic than it was in the past, and that’s great! But it is rather entitled to think that we should expect the world to be orderly and prosperous as a rule. Shit happens. Assholes gain power and start wars. Sometimes things that were abundant become scarcer. This isn’t a capitalism thing - this shit has been going on since the dawn of civilization.
The Thing is that a very big Part of the damage could have been at least weakened if the renewables wouldve been expanded upon at the time people sounded the Alarm.
But for some mysterious and definitely not evil, meaning short sighted, profit driven reason renewables werent build in a capacity that was necessary.
The knowledge that oil could become a liability is, depending who you ask,already about 50 years old.
What could that be called If there is Problem in the Future that is definitely coming but acting would cost Money that is not immediatly coming in again…?
Short something… Maybe Profit something…
Ah! Betting the foundation of human civilization that some magical technology will surely be developed in time and If we dont get it in time we deserve the apocalypse as species, since we dissapointed the invisible Hand of the Market.