Fossil Fuels WILL NEVER GO AWAY

I had interesting conversation with a fellow Tiger member, which revolves around alternative energy sources and the implications of fossil fuels.

My take is plain and simple: the reliance on fossil fuels will never go away. At plain sight, one might think that fossil fuels are mainly used to power transportation and heat homes; but one has to also consider the many daily household products that are derivatives of fossil fuel - even toothpaste. Yes, toothpaste.

Second of all, and an IMPORTANT ONE: trying to crush the reliance on fossil fuels is akeen to bankrupting the financial system: way too many sectors, industries, jobs and currencies are tied to what is known today as the contentious petro dollar. It was made that way and will stay that way for the foreseeable future. The on-going NATO conflict also clearly demonstrates the delicate balance on handling diplomacies centred around the needfor this centuries-old energy source.

God forbid, but if the day were to come where there is a hell-bent global movement to distance the reliance on fossil fuels - there better be a soft landing in place to cushion the impact. Otherwise, the financial system could implode with many casualties taken with it.

So, happy trading / investing during this turbulent times, and let's exercise caution on what we wish or hope for.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

KDL
2022-04-30
KDL
Yes it might never go away but perhaps gradual decrease in reliance may not be a bad thing.
msmoo
2022-04-30
msmoo
happy trading !
Icecream29
2022-04-30
Icecream29
ok
TJTan
2022-04-30
TJTan
ok
Oppa
2022-04-30
Oppa
sos
yeelyn18
2022-04-30
yeelyn18
Hmm

Leave a comment

16

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Otherwise, the financial system could implode with many casualties taken with it.</p><p>So, happy trading / investing during this turbulent times, and let's&nbsp;exercise caution&nbsp;on what we wish or hope for.</p></body></html>","htmlText":"<html><head></head><body><p>I had&nbsp;interesting conversation with a fellow Tiger member, which&nbsp;revolves&nbsp;around&nbsp;alternative energy sources&nbsp;and the implications of&nbsp;fossil fuels.&nbsp;</p><p>My take is plain and simple: the reliance on fossil&nbsp;fuels will never go away. At&nbsp;plain sight, one might think that fossil&nbsp;fuels are mainly used to power transportation and heat homes; but one has to also consider the&nbsp;many daily&nbsp;household products that are&nbsp;derivatives of fossil fuel - even toothpaste. Yes, toothpaste.&nbsp;</p><p>Second of all, and an IMPORTANT ONE:&nbsp;trying to crush the reliance on fossil fuels is akeen to bankrupting the financial system:&nbsp;way too many sectors, industries, jobs and currencies are&nbsp;tied to what is known today as the contentious&nbsp;petro dollar. It was made that way and will stay that way for the foreseeable future. The on-going NATO conflict also clearly demonstrates the delicate balance on handling diplomacies centred around the needfor this centuries-old energy source.</p><p>God forbid, but if the day were to come where there is a hell-bent global movement to&nbsp;distance the reliance on fossil fuels&nbsp;- there&nbsp;better be a soft landing in place to cushion the impact. 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It was made that way and will stay that way for the foreseeable future. The on-going NATO conflict also clearly demonstrates the delicate balance on handling diplomacies centred around the needfor this centuries-old energy source. God forbid, but if the day were to come where there is a hell-bent global movement to distance the reliance on fossil fuels - there better be a soft landing in place to cushion the impact. Otherwise, the financial system could implode with many casualties taken with it. 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