Oil has uses other than automotive fuel - way before it reaches the point where it becomes competitive with coal or uranium for stationary power plants, demand from the plastics, avionics and the petrochemicals industry is going to put a floor on the price. I don't expect the saudi oil to stay under the sand, but as an energy player, the global oil industry is doomed. Coal is going to be raking in money hand over fist for a while as prices spike, but once a transition to fission starts, - and high coal prices will get that started - they are done for too. King coal only still reigns at all because the world has been collectively insane about fission due to living in the shadow of the atomic bomb.
Oil has uses other than automotive fuel
Certainly true and yes, that will put a floor under the price.
as an energy player, the global oil industry is doomed
That's good, isn't it? People have been pointing out for quite a while that just burning something as useful as oil is pretty silly. It also means that the world is not going to run out of oil in the foreseeable future, right?
Coal is going to be raking in money hand over fist for a while as prices spike
I don't know about that -- there is an awful lot of gas around.
Do you happen to have some so...
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