Renewable energy and battery storage are seeing an absolute collapse in prices such that it is inevitable in the near to mid term future that we will move away from fossil fuel extraction leaving much of it in the ground. This will happen no matter who is in charge politically or who tries to subsidize fossil fuels because money is king and a lot of free energy hits the earth every day.

This, combined with falling birthrates, means we will hit peak carbon emissions and begin to drop back to a new normal, a new economy built around labor rather than capital because of the shift in balance between resources and workers similar to what happened during the black death. It is my opinion that this will begin to happen in my lifetime and will fully come to pass in our children’s lifetime.