Quote:
Originally Posted by Flamenspiel
Of course thats not the case now, it was not the case in the 80s either. A lot of these posts seem to assume that the future is a straight linear line where everything is predictable. Your obviously not old enough to see how quickly things have changed in the past, for the good, or for the bad.
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When's the last time a government has revoked a tax outright? So long as the carbon tax extortionately punishes any oil company that wants to do buisness in Alberta, there's no incentive for them to ever return and ergo no means for the O&G to ever recover the way it did 30 years ago. People, rightly or wrongly, are becoming convinced of the imminent extinction of O&G as an energy source with a level of conviction that wasn't possible of conceiving in the 80s and companies like Tesla, rightly or wrongly, are feeding into that perception in a manner that didn't exist 30 years ago.
You're right, you can't assume the future is a straight linear line - that's why it's disingenuous to claim what's happening now is exactly the same as what happened in the 80s crash. What's happening now goes so much further beyond the sterile math of percentages and output - it's an ideological war of attrition being waged against us from literally all sides that couldn't have ever been possible to wage back then.