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Lithium & The Future, page-3332

  1. 3,740 Posts.
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    it sounds paranoid but the fossil fuel industry is possibly the biggest and most powerful in the world with huge financial firepower and governments backing it (just look at all the conflicts over oil producing territories). There will be many a vested interest trying to delay/disrupt renewable and battery tech to milk the profits from oil in particular for as long as possible. Look at how small a supply/demand mismatch was needed to crash oil to $49 a barrel... the banks will also be making huge money off oil/gas and will figure more profit lays with clogging that horse as hard and long as possible whilst holding new energy back. Just look at the idiotic political move in Queensland to require qualified electricians to not only plug and check solar panels in big farms but to even bolt them in place!! It can only be to advance a coal biased agenda, there’s just not enough electricians to plug all the panels in and they know it, it’s a pathetic and desperate rear guard action from fossil fuels in a battle they’re already set to lose. As always banks can win both ways scooping up prime lithium and renewable infrastructure on the cheap whilst surprising the price with churn and shorts...

    https://reneweconomy.com.au/big-solar-pipeline-could-come-to-grinding-halt-under-queensland-rule-change-23086/
    https://www.bloomberg.com/features/2016-ev-oil-crisis/

 
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