

Let’s be real, oil / petroleum / gasoline / aviation gas are going to be part of the economy for decades. Countries are going to get by with less oil, but not without oil. There are things like planes that really require a very energy dense source of energy. There are other things like buses and local delivery trucks that can do fine with batteries, but where vehicles are an investment that is paid off over a decade. The new ones might be electric, but the old ones won’t be replaced soon. This might have accelerated the transition in a significant way, but oil is such a big part of everything that it’s still going to be around for a long time.
What I hope is that there are countries, say in Africa, that never really fully industrialized with an oil-based economy. Hopefully they can skip right past that and start with clean energy right from the start.





The optimistic scenario for the economy is a pessimistic scenario for the world.
For the economy to do well would require the AI bubble to not pop. It would mean that these absurd valuations for the AI companies turn out to be correct. That all the circular financing somehow comes good and all these ridiculous-seeming bets about the future of AI turn out to be at least partially correct. It will require that the companies that fired workers to replace them with chatbots turned out to have made a good and profitable decision. It’s the scenario where Musk becomes a trillionaire.