Comment by tom_
2 days ago
> Europe just sucks in oil, gas, uranium and some coal from the rest of the world to give back what exactly?
It's called "money". Numbers on a screen that you can exchange for goods and services. The people with the oil are typically quite happy to give Europeans that oil in exchange for some European money - and the Europeans don't have to give anything back at all. The exchange has been made.
Absolutely, and buying fossil fuel has definitely been working, and it'll probably continue to work.
But if in the future we don't have to buy as much fossil fuel as we do today, it'll probably have sizable effects on our economies.