UAE did not build Dubai as a tourist destination, in an almost desert environment, on the spur of the moment. It was a safety measure, possibly the only alternative available, knowing that the inevitable will happen when oil runs out. Oil is not a finite gift to the Arabs but is exhaustible. Then what?
Saudi Arabia is building its most prestigious NEOM mega project to transform its economy that had been dependent on oil. If oil is unlimited, the Saudis do not have to diversify. More than that, the Saudis are building a nuclear power plant in anticipation of demand for energy. Imagine a country said to be floating on oil having to build nuclear power plants for energy. But I believe the Saudis also saw the woods from the trees and are not putting all its eggs in one basket.
China will be the one country that will show the world that it is possible to live without relying totally on fossil fuel. Chinese renewable energy harvesting is still at its initiation stage and big projects in dam building, nuclear power station building, solar panel fields and wind power projects expansion carried out onshore, offshore and in desert areas are ongoing. China's demand for energy is almost insatiable for its factories. But China has already cut down its transportation system relying on fossil fuel to migrate totally to electrification. You can be sure that what China embarks on is no half-hearted measures taking decades to fulfil.
Having said that, which country is going to be at the forefront when global demand for renewable energy equipment goes ballistic? China will be there and China has the capacity to do that on scale that no one else can match. That is what overcapacity is for.
Anonymous
11 comments:
It does not need fossil fuel to run out eventually. Just replacing the bulk of fossil fuel consumed globally with renewables is enough to do damage to oil producers all over the world. Oil too cheap from less demand is detrimental to the bottom line of oil producers. Moreover, there is a certain line to look at regarding cost of production and break-even point. Cutting down production also does the same to the oil producers. Just look at the Middle East oil producer's predicament in just two months of blockade.
Countries like the USA can continue to lead the fight against climate change by calling it a hoax, against the adoption of EVs, demonizing wind turbines for killing birds, demonizing solar panels for spying and promoting gloom and doom about dams in China and everywhere else using environmental issues. All having the motive to monopolize global fossil fuel under its total control all targeting particularly China but hurting allies as well. The seizing of Iraqi oil and Venezuelan oil were just part of the deal, with Iranian oil now on the cards. The USA already controlled the Gulf States oil production, so whether the USA takes over or not is a moot point.
With the world now seeing the problem with fossil fuel starting to migrate largely to renewables, it does pose a question to the USA about whether controlling global oil production makes any meaningful purpose in time to come. China will just show the way to de-fossilization and benefitted from a world migrating its energy needs. China is to be the thorn in the side of the USA in energy matters in the coming decades.
Very simple, reduce population will reduce the consumption of a lot of things. India will be in deeper shit if it keep producing human without the capability of taking care of them. China is already prepared for reduction of population by moving into robotic/automation. Red dot is helping India to absorb it over capacity human production. The target of 7 million human bean on this tiny island will drive up the need for more fuel. Therefore to solve the red dot energy need, just reduce population.
India has no population problem. Many silly countries are importing Indians in bulk to take over their land and everything they built, esp the 5 eye countries.
The 5 eye will become 5 I when India takes them over. UK and Canada are almost taken over by Indians. USA and Australia are also in an advanced stage of being taken over. India will become the number one super power. Trump will then have to kiss Modi's ass.
Singapore, as the biggest Indian city will be the biggest beneficiary. Singapore got vision, and working on it.
Tell that to the Europeans and Australians now fighting a battle against the Indians bringing their dirty habits into the country and polluting beaches.
Hahaha
India has no population problem. But countries that imported Indians are having an Indian problem. Even Japan is finding that out the hard way.
Super power or super polluter? One is just a fantasy, the other a reality.
Those not sure, just have to look at pollution in India. It is already an unsolvable problem.
Oh dear, Palki Sharma will be angry.
Sharma 🐦 from the Tree Top shall be conned and cajoled into the boiling pot by Moody
Glibs of the gabs these Indians
There seems to be a flurry of videos on Youtube attacking Singapore, all gloom and doom stuff.
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