Energy Transitions and the Problems of Scale

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Most people have no sense of the scale involved in energy transitions. It is, after all, easy to wave your hand and say "Let's stop offshore drilling", or "Let's get off fossil fuels", but what does that require in real-world transition terms? Here is a handy figure from Michael Cembalest at JP Morgan showing transition scale in the context of getting away from offshore oil. It is, in a word, daunting.

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