It's happened before. It'll happen again.
You realize this nickel to copper conversion device has the power to DEFLATE money like nobody's business. There will be no polite retreat from coal and oil and natural gas to the new system.
In the aggregate the "off switches" will follow a quantum curve ~ not an analog curve. On Monday wells are pumping. On Tuesday all the oil pumped will not recover the costs of doing so and they'll be turned off.
The guys with some cash are not going to be subsidizing your continued use of coal or oil.
I missed nothing. I simply disagree with your notion. And you have offered zero proof that it will happen that way.
"It's happened before. It'll happen again."
Yes, there will likely be some temporary disruption, but in the somewhat longer run, the result of cheaper and more widely available energy has ALWAYS been increased prosperity and standards of living. This is a much more soundly proven fact of history than your fantasy of instant collapse.
"You realize this nickel to copper conversion device has the power to DEFLATE money like nobody's business. There will be no polite retreat from coal and oil and natural gas to the new system."
Why not?? See my point about demand continuing and being balanced by the speed of deployment.
"In the aggregate the "off switches" will follow a quantum curve ~ not an analog curve. On Monday wells are pumping. On Tuesday all the oil pumped will not recover the costs of doing so and they'll be turned off."
And I still say BAH-LONEY. Repeating your assertion is not proof of any kind. Some wells will not be profitable, others will continue to be. What WILL collapse will be the industries related to oil exploration and well drilling, not ongoing production. Everything that moves will still need lubrication, and the chemical industries will still need carbon-based feedstocks to make their products.
"The guys with some cash are not going to be subsidizing your continued use of coal or oil."
See my above point about demand. What you're basically saying is that much of the current price of gas and oil is due to SPECULATORS jacking the price up, and they will seek another area to speculate in.