Yep they aint going broke in a hurry, the transition especially as you point out in certain sectors might take decades.
And there will always to a market for the lubricants, plastics and all the other garb that comes from petro chemicals as well as liquid fuels.
I don't know if I had a child if I would be encouraging them to become a mechanic though. Far less need for car servicing going into the future. Which is great for consumers and the market always wins with new tech,.
There will always be jobs its just a matter of staying ahead to the trends. And its not like it was in the past where people had a job for life, in this period of rapid change its the nimble that will prosper the most.
The problem with alternative power (other than hydro and thermo) to date has been making it base load, i.e. 24/7.
Advances in Lithium Vanadium battery tech (Tesla S.A) and molten saline/solar storage (Aus/Spain) combined with ever improving wind and solar panel tech (everywhere) is meaning large scale wind/solar can now be base load and cost competitive with coal, nuclear or anything else.
And its still dropping in price per KW/H.
The others will still play a part but renewables will have the lions share (excuse the pun) of the future. IMO
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