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mrpoops t1_j277ys3 wrote

Reply to comment by Feisty-Juan in Saudis take control of US augmented reality company Magic Leap by MicroSofty88

Oil is out. Like, long term…it’s out. It’s still what powers everything but it’s untenable. Can’t burn t-rex queefs forever, gotta move on.

Moving ground transportation to all electric…that alone covers a sizable chunk. And we’re on our way towards that already. As climate change gets more “in your face” in the next few years…attitudes towards oil are gonna take a steep turn. Like tobacco…

The saudis are buying up all the eggs and all the baskets they can afford.

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supersloo t1_j27jod4 wrote

I think the Saudis just bought Valvoline, they own part of Port Arthur, Texas too.

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Artanthos t1_j28ojw9 wrote

The Saudi’s are smart enough to learn from history.

They are diversifying now, while wealthy, instead of repeating the mistakes of Spain during their Golden Century.

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masterwizardy t1_j298cw5 wrote

Exactly. Saudis own much of the EV company Lucid.

Reason #1 I will never purchase a Lucid

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Artanthos t1_j28oa48 wrote

Oil is used for far more than just fuel.

It’s one of the backbones our civilization is built upon.

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Lallo-the-Long t1_j28yiwq wrote

True, but the vast majority of it is used for fuel. Fuel is what keeps the price of oil where it is, not any of the other uses.

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KruppeTheWise t1_j28qmt3 wrote

Consider in a globalised capitalist economy, every time you participate in that economy you are if not directly then indirectly increasing the wealth of those with large amounts of capital in the game.

It's like when people say "don't support Nestle don't buy these products!"

Guess what, Nestle hold billions in diversified stock options. Buying an iPhone supports Nestle. Buying a competing product supports Nestle. Not directly, but indirectly and when they make a dollar either way how exactly does that even matter?

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[deleted] t1_j299l0f wrote

Actually, by volume, mankind could nearly quite literally burn “t-Rex queefs” forever.

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