Electrified vehicles and solar and wind doesn’t get you away from that supply chain. It doesn’t get you away from a food supply built on that supply chain. It doesn’t get you away from the fertilizer plastics the imported products that all of us buy.

The cost of bunker fuel is five times what it had been. Inputs like Naphtha used in fuel refining and also in plastic production are all super expensive. Something that a solar cell or a wind turbine doesn’t replace.

2/n

The more you can produce locally the more you save on resources for things that you’re (still) going to have to import or purchase from imports. In other words, it saves you having to spend money on things or going to all cost a lot more allowing you to save what have for the things we absolutely do have to buy from imports.

One thing is absolutely certain, today is oil shock has set in motion global changes at least as significant as the oil shocks of the 70s.

3/n

#Economics #2ndOilCrisis

(1/n)

"One thing is absolutely certain, today is oil shock's set in motion global changes at least as significant as the oil shocks of the 70s."

Hopefully.

Interesting follow-up question:
Which lessons learned are still implemented *today*?!?

One thing is sure, (some of the lessons *not* learnt still haunt us today, among which are:

1.) The predominance of the #FossilsFoolsEconomy, aspects of which you explained in...
@economics_that_works

#Economics #2ndOilCrisis

(2/n)

...in your thread.

2.) Not long after the First #OilCrisis of the 1970's, gas-guzzling #SUVs like the #Jeep #Cherokee (1984) and the #Toyota #RAV4 were introduced.1)

3.) Presently, it seems that (virtually?) *all* (additionally generated) #GreenEnergy will be consumed by the energy-devouring #AI #Datacenters 2), which, in turn, heat up the atmosphere even more than before the WWW.

1) daxstreet.com/cars/148917/evol…

Evolution of SUVs: From Ancient Carriages to Modern Electric Vehicles - DAX Street

The public in America has shown a strong preference for larger and heavier passenger cars, a trend that is quickly spreading globally. Besides the

^{Jayson O'Neil (DAX Street)}