Comment by jabl

> Electrification of the economy, which is a thing that at least the US is way behind on, is going to be a massive driver of electricity demand across the world. And a lot of countries are going to benefit from cost savings there. Not having to import expensive oil and gas in favor of cheaply produced solar/wind energy is going to wipe out quite a few billions from the trade balance of countries across the world. China is leading by example here. Their diesel imports are declining sharply already. Investments in renewables are rising accordingly. This is not driven by green washing but by raw economics.

Interesting reading on the topic: https://ember-energy.org/latest-insights/the-electrotech-rev...

> Whether the US will be able to adapt to other countries doing things cheaper and better than them remains to be seen.

The US (or at least, fossil fuel interests in the US which seem to have a lot of influence over the current administration) seem determined to become an "energy superpower" by exporting oil and gas. In particular, seems they'd very much like Europe to switch from Russian gas to US LNG. We'll see how that goes. Personally, I find it hard to see how LNG from the other side of the world will remain competitive with ever-reducing costs of solar, wind, and batteries.