Why Our Economy STILL Doesnt Run On Renewable Energy [33hzhKu7JrV]
With all the chaos around oil in Iran and Strait of Hormuz, why don't we just switch to renewable energy sources? Why doesn't our economy run on solar power, wind power, hydro, geothermal, or nuclear? Oil seems like an outdated system, and for decades politicians have been promising a green revolution. So where is it? Download our FREE Financial Jargon Cheat Sheet here: In this video, we'll explain why our economy hasn't switched over to renewables energy sources. It's not as easy as 'just stopping oil'. The energy infrastructure of our modern economy is firmly embedded. And despite major advances in renewable technology - solar, wind, nuclear, geothermal and hydro - we don't quite have the technology to meet the energy demands of the complex electricity grid. Battery technology has come a long way, but it will be a while yet before we can truly stop oil. 00:00 - Introduction 00:13 - Why Oil Is So Important 00:48 - Why The Green Energy Transition Has Failed 01:35 - The Modern Economy and Oil, Gas and Coal 02:00 - Energy On Demand 02:24 - Solar Power 03:55 - Batteries 04:22 - Wind Power 05:56 - The Electricity Grid 07:13 - Cost of Technology vs. Cost of the System 07:50 - Reducing Carbon Emissions vs Reducing Carbon Use 08:22 - Do People Really Want To Stop Oil? 08:45 - Which Clean Energy Sources Are Most Promising 09:23 - The Future of Renewable Energy 🔔 Subscribe for more finance and economics content: @LockStockFinance #green #stocks #stockmarket #money #wealth #economy #economics #oil #juststopoil #greentransition #renewableenergy #solarenergy #windenergy #environment #environmentalawareness #politics