The geopolitics of the post-oil age is going to be interestingly different.
I’ve excerpted this post by Charlie Stross as best I can to extract the main argument, but it’s best to read the whole thing for yourself. Essentially, the reason everything is kicking off everywhere is because we’ve got an asset-stripping class who have a vested interest in maintaining the fossil-fuel status quo. But all of the momentum is with renewables, so there is huge amount of disruption on every front.
That means that, as Stross argues persuasively, 2025 is a pivotal year. I’m crossing my fingers and toes that 2026 shows us tracking in a positive direction.
Notwithstanding the world being on fire, an ongoing global pandemic vascular disease that is being systematically ignored by governments, Nazis popping out of the woodwork everywhere, actual no-shit fractional trillionaires trying to colonize space in order to secede from the rest of the human species, an ongoing European war that keeps threatening to drag NATO into conflict with the rotting zombie core of the former USSR, and an impending bubble collapse that’s going to make 2000 and 2008 look like storms in a teacup …
I’m calling this the pivotal year of our times, just as 1968 was the pivotal year of the post-1945 system, for a number of reasons.
It’s pretty clear now that a lot of the unrest we’re seeing—and the insecurity-induced radicalization—is due to an unprecedented civilizational energy transition that looks to be more or less irreversible at this point.
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China is currently embarked on a dash for solar power which really demands the adjective “science-fictional”, having installed 198GW of cells between January and May, with 93GW coming online in May alone: China set goals for reaching net-zero carbon emissions by 2030 in 2019 and met their 2030 goal in 2024, so fast is their transition going. They’ve also acquired a near-monopoly on the export of PV panels because this roll-out is happening on the back of massive thin-film manufacturing capacity.
The EU also hit a landmark in 2025, with more than 50% of its electricity coming from renewables by late summer. It was going to happen sooner or later, but Russia’s attack on Ukraine in 2022 sped everything up… Nobody west of Ukraine wanted to be vulnerable to energy price warfare as a prelude to actual fighting, and PV cells are now so cheap that it’s cheaper to install them than it is to continue mining coal to feed into existing coal-fired power stations.
This has not gone unnoticed by the fossil fuel industry, which is collectively shitting itself. After a couple of centuries of prospecting we know pretty much where all the oil, coal, and gas reserves are buried in the ground… The constant propaganda and astroturfed campaigns advocating against belief in climate change must be viewed in this light: by 2040 at the latest, those coal, gas, and oil land rights must be regarded as stranded assets that can’t be monetized, and the land rights probably have a book value measured in trillions of dollars.
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So we’re going through an energy transition period unlike anything since the 1830s or 1920s and it’s having some non-obvious but very important political consequences, from bribery and corruption all the way up to open warfare.
The geopolitics of the post-oil age is going to be interestingly different.
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The existing wealthy elites (who have only grown increasingly wealthy over the past half century) derive their status and lifestyle from the perpetuation of the pre-existing system. But as economist Herbert Stein observed (of an economic process) in 1985, “if it can’t go on forever it will stop”. The fossil fuel energy economy is stopping right now—we’ve probably already passed peak oil and probably peak carbon: the trend is now inexorably downwards, either voluntarily into a net-zero/renewables future, or involuntarily into catastrophe. And the involuntary option is easier for the incumbents to deal with, both in terms of workload (do nothing, right up until we hit the buffers) and emotionally (it requires no sacrifice of comfort, of status, or of relative position). Clever oligarchs would have gotten ahead of the curve and invested heavily in renewables but the evidence of our eyes (and the supremacy of Chinese PV manufacturers in the global market) says that they’re not that smart.
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Business logic has no room for the broader goals of maintaining a sustainable biosphere, or even a sustainable economy. And so the agents of business-as-usual, or Crapitalism as I call it, are at best trapped in an Abilene paradox in which they assume everyone else around them wants to keep the current system going, or they actually are as disconnected from reality as Peter Thiel (who apparently believes Greta Thunberg is the AntiChrist.)
if it can’t go on forever it will stop
What we’re seeing right now is the fossil fuel energy economy stopping. We need it to stop; if it doesn’t stop, we’re all going to starve to death within a generation or so. It’s already leading to resource wars, famines, political upheaval, and insecurity (and when people feel insecure, they rally to demagogues who promise them easy fixes: hence the outbreaks of fascism). The ultra-rich don’t want it to stop because they can’t conceive of a future in which it stops and they retain their supremacy.
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If we can just get through the rest of this decade without widespread agricultural collapses, a nuclear war, a global fascist international dictatorship taking hold, and a complete collapse of the international financial system caused by black gold suddenly turning out to be worthless, we might be pretty well set to handle the challenges of the 2030s. > But this year, 2025, is the pivot. This can’t go on. So it’s going to stop. And then—
Source: Charlie’s Diary
Image: Hal Gatewood