>>10658962>That's the problem. With new oil tech and large-scale fracking operations, fossil fuels could stay more profitable for a long time.Disregard the technology my good friend. No matter how advanced and reliable your product, to sell it you need a buyer! With electric cars and other alternatives, the moment renewable energies hit comparable prices to fossil fuels, people will just go renewable.
Now, I have not actually seen who is the board of investors of these VC firms but I'd be willing to bet top money that there are many top fossil fuel families funding renewable energy right now. They, more than anyone, know the clcok is ticking.
>He could very well be giving to them, and also investing even more in oil. They could both be profitable at the same time, but with fossil fuels taking a larger market.That's true but in this scenario, which do you think is the liquid investment and which is the long term investment?
>>10658964That is a fair observation so I'll give you that. But still, that has nothing to do. In our case, there is already private money "failing" to give us clean energy (and many more succeeding). So if private money is already doing the leg work, why do you need my taxes too?
