Old Rocks
Diamond Member
The FUBAR in Iran is making people all over the world realize that dependence on fossil fuels, when they are imported from other nations, leave their need for energy in a very vulnerable position. And one nation is poised to benefit from that realization. China has the largest manufacturing section in renewables in the world. Actually more than all the other nations put together. So, now who are the nations going to be doing business with for their energy needs? And in the meantime with are stuck with Trump's kakistocracy that is anti-science and anti-progress. Our nations national security is rapidly degrading thanks to Trump and the GOP.
"So Trump’s adventurism in Iran has sparked a global rush to invest in solar power, wind power, and the batteries that make renewable energy work 24/7," Krugman added. "And where will the world procure most of the renewable energy equipment it seeks? From China. China is the workshop of the world. Its manufacturing sector is larger than those of the U.S., Japan, Germany and South Korea combined."
As the world shifts from fossil fuel use amid rapid climate change, the U.S. could fall further behind.
"Yet it’s sad to watch this country sabotage itself and cede the most important industry of the future to China," Krugman wrote. "In doing so, we make ourselves poorer, technologically backward, and less influential in a world that is speeding towards the energy revolution. In the end, we aren’t just burning fossil fuels; we’re also burning our future."
"So Trump’s adventurism in Iran has sparked a global rush to invest in solar power, wind power, and the batteries that make renewable energy work 24/7," Krugman added. "And where will the world procure most of the renewable energy equipment it seeks? From China. China is the workshop of the world. Its manufacturing sector is larger than those of the U.S., Japan, Germany and South Korea combined."
As the world shifts from fossil fuel use amid rapid climate change, the U.S. could fall further behind.
"Yet it’s sad to watch this country sabotage itself and cede the most important industry of the future to China," Krugman wrote. "In doing so, we make ourselves poorer, technologically backward, and less influential in a world that is speeding towards the energy revolution. In the end, we aren’t just burning fossil fuels; we’re also burning our future."