Comment by khalic

The world has more than one country, and most have basically no access to oil. They will go deep into solar first. See, for instance, how the mix between the Venezuelan takeover early in the year, plus the Hormuz situation, put Cuba's energy access into jeopardy, and how that meant moving heavily into solar, as at least that remains available once purchased.

So even if a place like the US goes lighter on solar that is reasonable, Places like Spain, Italy or Morocco will go all in just to minimize dependence on a resource a third party can control. It's the ultimate counter to the Hormuz situation. Squeeze access to oil for long enough, and you accelerate the move away from it.

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