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Discussion Mother of all crashes: why the coming collapse will make the Great Depression look like a small technical correction

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Deleted member 31092

Deleted member 31092

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The global financial system has been living on borrowed time for perhaps decades, and certainly since 2005-2006. Here's the fundamental problem that no one ever wants to discuss- we have a system that requires infinite growth and infinite debt expansion in a finite realm. We are running out of capacity for growth due to the resource and energy limits of the earth.

Because we are experiencing diminishing capacities for further growth, the central banks and governments are propping up the markets by pumping in trillions of dollars of worthless debt- which is unsustainable, warps the economy, diminishes the purchasing power of savers and wage-earners, and, while delaying the crash for now, will lead to a far more horrific crash later down the line, in the near future. But all this is to keep our unsustainable urban/suburban lifestyles of obscene decadence and consumerism going for as long as possible.

Why have we been able to "get away" with this for so long? People look at Japan and say "well, if they can do it, why can't we?"

Here's the most important x-factor, one that everyone completely neglects: oil.

Oil=the economy. It is energy/oil, not finance, which runs the economy- all economies, civilizations, ecosystems, nations, empires- are essentially energy systems. Without energy, nothing moves whatsoever. Oil is the predominant energy source of today, and there is no replacement for it.

So long as oil production grows, we can "get away" with these grotesque financial manipulations- and global oil production has grown continually since the crash of 08', due mostly to American shale oil.

But the global oil industry is being gutted from within as we speak, due to the thermodynamics of oil depletion. The 2020 medical debacle has only accelerated this.

When oil production peaks and declines, no amount of worthless debt will be able to prop up the market. Paper assets: stocks, bonds, real estate, and fiat currencies, will be worth next to nothing as we witness the mother of all deflations. We will see a global contagion of defaults and economic misery. Central banks will print with a fervour and madness like never before in a futile attempt to save the world but this time it will fail. Printed currency is worthless and will therefore have no effect. You cannot solve a debt problem by issuing more debt.

Without growth, debt cannot be serviced, so it will have to be repudiated in one way or another. The entire world financial system is propped up by debt, however- so once the debt is repudiated, so are the values of stocks, bonds, real estate, and fiat currencies. If you think the year 2020 was bad, it's like Disneyland compared to what's to come.

TLDR: we're headed for the most cataclysmic crash in the history of man.
 
Yes. But oil is not the alpha and omega of energy.

Nuclear power could be the future of energy. That's why for instance the car industry is investing in electric car. Not because of ecology, which is just green washing bs, but because they know that the only reliable and almost infinite energy source for individual displacement in the future will be nuclear. Even if batteries requires rare components, that buy them time to keep searching for simpler architrecture and sell their shit worldwide, in the case of an oil shortage.

Also, we actually dilapidate our energy. The chinese are investing in cryptocurrency precisely to use their spared energetic production, which would have been worthless otherwise. Cryptocurrencies are somehow a method to transform brute energy into fresh cash, ad infinitum.

I don't know how the future will be, but it seems indeed that our debt system is corrupt to the core. And that the next crisis will reverse the global order.
 
The funny thing is that it could happen tomorrow or a 100 years from now but it’s gonna happen.
Yes. But oil is not the alpha and omega of energy.

Nuclear power could be the future of energy. That's why for instance the car industry is investing in electric car. Not because of ecology, which is just green washing bs, but because they know that the only reliable and almost infinite energy source for individual displacement in the future will be nuclear. Even if batteries requires rare components, that buy them time to keep searching for simpler architrecture and sell their shit worldwide, in the case of an oil shortage.

Also, we actually dilapidate our energy. The chinese are investing in cryptocurrency precisely to use their spared energetic production, which would have been worthless otherwise. Cryptocurrencies are somehow a method to transform brute energy into fresh cash, ad infinitum.

I don't know how the future will be, but it seems indeed that our debt system is corrupt to the core. And that the next crisis will reverse the global order.

Below freezing temperature IQ:feelswhat:

Nuclear Energy? Do you even know how it works? Of course not or you wouldn’t have brought it up.

Oil doesn’t run the economy it just tells you how busy the economy is. So when there’s less Oil consumption there’s a smaller economy.

Cryptocurrencies are another false hope too.
 
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Yes. But oil is not the alpha and omega of energy.

Yes it is. No other energy source that we can use is so dense, versatile, convenient, and transportable.

Nuclear power could be the future of energy.
No, it won't be. Nuclear is wrought with problems, plus it is an oil derivative. Try mining, transporting, manufacturing, maintaining etc the materials, and hardware for nuclear energy without burning lots of oil. You can't do it.


Also, we actually dilapidate our energy. The chinese are investing in cryptocurrency precisely to use their spared energetic production, which would have been worthless otherwise. Cryptocurrencies are somehow a method to transform brute energy into fresh cash, ad infinitum.
Mass electricity and internet depend on highly complex networks and systems that will become increasingly intermittent and unreliable as we reach peak oil. If you want something that will allow you to economically/financially thrive (relatively speaking), look into silver.

I don't know how the future will be, but it seems indeed that our debt system is corrupt to the core. And that the next crisis will reverse the global order.

Yes-corrupt..... and utterly bankrupt.
When it collapses.... it will be the biggest event in the history of man since the Great Flood.
 
The funny thing is that it could happen tomorrow or a 100 years from now but it’s gonna happen.


Below freezing temperature IQ:feelswhat:

Nuclear Energy? Do you even know how it works? Of course not or you wouldn’t have brought it up.

Oil doesn’t run the economy it just tells you how busy the economy is. So when there’s less Oil consumption there’s a smaller economy.

Cryptocurrencies are another false hope too.
Talking about freezing temperature IQ and not even stating any facts.

Here are facts. The car industry is now investing money into the banking system in order for car brands to become actual commercial banks in the future. They know oil is a dead end, and they are trying to figure out a way to get over it. That's where the new energetic deal comes in the game. If we achieve to master nuclear fusion and make circular reactors that can do both fission and fusion, nuclear energy will "almost" become an overpowered renewable energy. Cars and other things we use to travel will work on batteries, and the economies won't have to rely on debts anymore, but energy itself.

The fact that oil currently tells us how busy the economy is, is just a clueless argument. Each period of time, and each places in the world, had such indicators, from shining shells and sheep herds to precious metals ... Oil in the future may seem as primitive as those previous economical indicators.

Also, I'm not a cryptomaniac, I'm just saying people are retarded not to actually consider what are the implications of an economy where cryptocurencies are a thing. And also, the banking system is currently financing astroturfing campaigns to ridiculize the ecosystem or to create trojan horse alternatives in order to subvert its philosophy and concepts (XRP for instance). Cryptocurrencies are a menace to them and they are trying to take controle over it, for reasons. Keep believing what the mainstream medias tell on this subject lol.
No, it won't be. Nuclear is wrought with problems, plus it is an oil derivative. Try mining, transporting, manufacturing, maintaining etc the materials, and hardware for nuclear energy without burning lots of oil. You can't do it.
When there will be no oil anymore, nobody will care at how convenient and cheap it used to be. That's why the industry is thinking about alternatives. If we shunt the oil circuit and replace it by an all nuclear (or other energy source) circuit, then this will be a true economical revolution. Just like how oil replaced coal in the first place.
 
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Dude thinks he discovered the concept of peak oil in 2020. Some of y'all really are young as fuck.
 
Dude thinks he discovered the concept of peak oil in 2020. Some of y'all really are young as fuck.
Where have I implied that?
I know peak oil has been around for many decades, with M. King Hubbard and the Club of Rome...
It's just that the immense majority of people have no concept of it whatsoever, or if they do they think it's outdated, or a hoax.

Almost everyone seems to thinks the economy and the complex systems of society are run by magic fairies.
The funny thing is that it could happen tomorrow or a 100 years from now but it’s gonna happen.
Here's my timeline;
Next 1-3 years, things get bad
Next 4-6 years, things get extremely bad.
Next 10 or so years, the world will be unrecognizable.
 
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Where have I implied that?
I know peak oil has been around for many decades, with M. King Hubbard and the Club of Rome...
It's just that the immense majority of people have no concept of it whatsoever, or if they do they think it's outdated, or a hoax.

Almost everyone seems to thinks the economy and the complex systems of society are run by magic fairies.

Here's my timeline;
Next 1-3 years, things get bad
Next 4-6 years, things get extremely bad.
Next 10 or so years, the world will be unrecognizable.
I thought the widespread deployment of fracking to get to harder to access oil reserves had delayed peak oil into the 2030s?
 
Cope.
Nothing ever happens.
 
I thought the widespread deployment of fracking to get to harder to access oil reserves had delayed peak oil into the 2030s?
We are going to see a collapse of the shale industry this decade- shale oil has never been able to cover it's own enormous operating costs. The government will almost certainly try to bail them out- that will only add another layer of bankruptcy to the government.

Furthermore, shale oil wells have horrific depletion rates. While the Federal Reserve can print unlimited currency to bail out the shale industry, they cannot print one square inch of drilling acreage.
Cope.
Nothing ever happens.
Normalcy bias and delusional complacency.
 
Maybe National Socialism with an agrarian society for the many whilst the truely gifted work on scientific advancements could have worked.
But the Jewish system we have now was designed to fail and funnel all assets and power to the Jews.
 
High IQ. The fiat currency money out of thin air debt-based is not sustainable. It will collapse real soon. It's all in the bible, on the the knightsman of the Apocalypse represents that huge economic crash.
 
High IQ. The fiat currency money out of thin air debt-based is not sustainable. It will collapse real soon. It's all in the bible, on the the knightsman of the Apocalypse represents that huge economic crash.

The Ancient Roman Empire relied on slave labor, and they debased their currency multiple times by decreasing the silver purity of their coinage. Eventually it got so bad the foreign mercenaries wouldn't accept Roman coinage for payment and demanded gold and silver instead.

However, they never propped up their empire with debt. We have a heroin like addiction to the use of cheap credit to keep our economy going. Once the confidence goes in our currency/debt/economy it will be a huge bubble implosion equivalent to a massive financial atomic bomb going off.
Maybe National Socialism with an agrarian society for the many whilst the truely gifted work on scientific advancements could have worked.
But the Jewish system we have now was designed to fail and funnel all assets and power to the Jews.
The soil as been so thoroughly depleted by mass mechanized agriculture, it's not even a possibility for us to return to traditional agriculture in short order.
 
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The global financial system has been living on borrowed time for perhaps decades, and certainly since 2005-2006. Here's the fundamental problem that no one ever wants to discuss- we have a system that requires infinite growth and infinite debt expansion in a finite realm. We are running out of capacity for growth due to the resource and energy limits of the earth.

Because we are experiencing diminishing capacities for further growth, the central banks and governments are propping up the markets by pumping in trillions of dollars of worthless debt- which is unsustainable, warps the economy, diminishes the purchasing power of savers and wage-earners, and, while delaying the crash for now, will lead to a far more horrific crash later down the line, in the near future. But all this is to keep our unsustainable urban/suburban lifestyles of obscene decadence and consumerism going for as long as possible.

Why have we been able to "get away" with this for so long? People look at Japan and say "well, if they can do it, why can't we?"

Here's the most important x-factor, one that everyone completely neglects: oil.

Oil=the economy. It is energy/oil, not finance, which runs the economy- all economies, civilizations, ecosystems, nations, empires- are essentially energy systems. Without energy, nothing moves whatsoever. Oil is the predominant energy source of today, and there is no replacement for it.

So long as oil production grows, we can "get away" with these grotesque financial manipulations- and global oil production has grown continually since the crash of 08', due mostly to American shale oil.

But the global oil industry is being gutted from within as we speak, due to the thermodynamics of oil depletion. The 2020 medical debacle has only accelerated this.

When oil production peaks and declines, no amount of worthless debt will be able to prop up the market. Paper assets: stocks, bonds, real estate, and fiat currencies, will be worth next to nothing as we witness the mother of all deflations. We will see a global contagion of defaults and economic misery. Central banks will print with a fervour and madness like never before in a futile attempt to save the world but this time it will fail. Printed currency is worthless and will therefore have no effect. You cannot solve a debt problem by issuing more debt.

Without growth, debt cannot be serviced, so it will have to be repudiated in one way or another. The entire world financial system is propped up by debt, however- so once the debt is repudiated, so are the values of stocks, bonds, real estate, and fiat currencies. If you think the year 2020 was bad, it's like Disneyland compared to what's to come.

TLDR: we're headed for the most cataclysmic crash in the history of man.

tbh I am no economist and know basically nothing about economy but if we produce all the resources we produce right now and have the capacity to produce at the same output or more then why would we suddenly stop producing everything and collapsing the chain of productions for all products? I thought the economy is based on supply and demand.
 
tbh I am no economist and know basically nothing about economy but if we produce all the resources we produce right now and have the capacity to produce at the same output or more then why would we suddenly stop producing everything and collapsing the chain of productions for all products? I thought the economy is based on supply and demand.

Here's all you need to know:
The resource and energy limits of the earth sets hard limits on what we can do. We are approaching those limits.
 
Here's all you need to know:
The resource and energy limits of the earth sets hard limits on what we can do. We are approaching those limits.

Idk about the resources there still seem to be plenty left of minerals etc but energy shouldn't be an issue we will get more efficient at using energy and find new ways to get it.

Good that we are running out of resources maybe it will force us to expand into space and start mining our solar system out of necessity.
 
we have a system that requires infinite growth and infinite debt expansion in a finite realm. We are running out of capacity for growth due to the resource and energy limits of the earth.
And that the next crisis will reverse the global order.
High IQ. The fiat currency money out of thin air debt-based is not sustainable. It will collapse real soon. It's all in the bible, on the the knightsman of the Apocalypse represents that huge economic crash.

What if the decrease in population about to happen everywhere in the world actually helps us take distance from the Earth's carrying capacity? Yes, a decreasing population could cause an enormous economic crisis... but wouldn't that be a lesser evil? Maybe degrowth gains traction (hard tbh) and we figure things out. I don't want to be dangerously optimistic, but maybe it's too soon to say it's over. Maybe the timeline of collapse is not so narrow.

Please, correct me if I'm wrong.
 
Talking about freezing temperature IQ and not even stating any facts.

Here are facts. The car industry is now investing money into the banking system in order for car brands to become actual commercial banks in the future. They know oil is a dead end, and they are trying to figure out a way to get over it. That's where the new energetic deal comes in the game. If we achieve to master nuclear fusion and make circular reactors that can do both fission and fusion, nuclear energy will "almost" become an overpowered renewable energy. Cars and other things we use to travel will work on batteries, and the economies won't have to rely on debts anymore, but energy itself.

The fact that oil currently tells us how busy the economy is, is just a clueless argument. Each period of time, and each places in the world, had such indicators, from shining shells and sheep herds to precious metals ... Oil in the future may seem as primitive as those previous economical indicators.

Also, I'm not a cryptomaniac, I'm just saying people are retarded not to actually consider what are the implications of an economy where cryptocurencies are a thing. And also, the banking system is currently financing astroturfing campaigns to ridiculize the ecosystem or to create trojan horse alternatives in order to subvert its philosophy and concepts (XRP for instance). Cryptocurrencies are a menace to them and they are trying to take controle over it, for reasons. Keep believing what the mainstream medias tell on this subject lol.

When there will be no oil anymore, nobody will care at how convenient and cheap it used to be. That's why the industry is thinking about alternatives. If we shunt the oil circuit and replace it by an all nuclear (or other energy source) circuit, then this will be a true economical revolution. Just like how oil replaced coal in the first place.

Preschool grade # IQ
:feelskek:

Oil is hardly a dead end you really have no concept how economics work so I won’t bother trying to explaining anything to you

Banks invest in the auto industry not the other way around dumb ass, that’s not how the financial sector works but you’re obviously too stupid to know that

And as for nuclear energy You can not pull electricity from a nuclear reaction ! They just use the nuclear waste as a heat source to power turbines, but you have no clue how that works either so why bother explaining it to you

You sir are an IDIOT
:feelsjuice:
 
High IQ. The fiat currency money out of thin air debt-based is not sustainable. It will collapse real soon. It's all in the bible, on the the knightsman of the Apocalypse represents that huge economic crash.
Zeta High IQ.
Preschool grade # IQ
:feelskek:

Oil is hardly a dead end you really have no concept how economics work so I won’t bother trying to explaining anything to you

Banks invest in the auto industry not the other way around dumb ass, that’s not how the financial sector works but you’re obviously too stupid to know that

And as for nuclear energy You can not pull electricity from a nuclear reaction ! They just use the nuclear waste as a heat source to power turbines, but you have no clue how that works either so why bother explaining it to you

You sir are an IDIOT
:feelsjuice:
Keep coping.

You don't even know what you're talking about. Of course banks invest in other sectors dumbass. But the automobile industry has been lurking on the banking sector for decades. Their core business is not selling cars anymore, it's selling short term credits and financing products to buy their cars. This is where their actual profit comes from nowadays. There are brands that are currently selling financial products such as saving accounts.

And I do know how nuclear energy works. You're making 0 point here and actually look like the idiot that you are.
 
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The soil as been so thoroughly depleted by mass mechanized agriculture, it's not even a possibility for us to return to traditional agriculture in short order.
Oh shit. You're telling me we're heading toward mass famine as well ?.
 
The whole thing was completely preventable as well.
 
The phrase "mother of all" was coined by Saddam Hussein btw. He said the 1st Gulf War was going to be "The mother of all battles."
 
Need some sources on this tbh.
I understand what you are saying, but can you post something I can read up?
James Howard Kunstler, Gail Tverberg at 'Our Finite World, Steve St Angelo, Michael Ruppert's 'Collapse' Documentary and book, 'The Limits to Growth' by the Club of Rome.

Oh shit. You're telling me we're heading toward mass famine as well ?.
Eventually, yes.
The phrase "mother of all" was coined by Saddam Hussein btw. He said the 1st Gulf War was going to be "The mother of all battles."
Huh, you learn something new everyday.
 
Tbh I’m no expert in economics. It all seems artificial to me. I’m not saying the big crash is not gonna come, it will, but what’s important is what it will hit. I think US and Europe will be the first to get rekt, noone relies on the dollar anymore, it’s literally a deadass currency. You see states massively buying gold, even in this year - but what the fuck does gold even represent. It’s a fucking metal slab. It’s literally worthless in my eyes at least.

Here in the play come cryptocurrency, atm there are a truck-shitload of coins and only a few of them are worthy. They will most likely become a great asset in the future - probably not even after the so-called Crash. Reason is they’re not stable enough, they have their flaws, for instance if someone rented 51% hashpower for BTC they could doublespend their money and the whole fixed-number of coins system would go to the rubbish bin, unless they reverse the blockchain, which would in return cause mass chaos, due to broken exchanges trading etc etc. “Wow darkleet oceanbottom IQ, whoz gunna get that much hardwarez?” Look at Facebook, Google, Amazon, Microsoft, if any one of them decides to end any crypto, it would be done easily. Google is even making a quantum computer, which combined with new algorithms can break cryptography that we know alltogether (RSA, DH, AES, 3DES, SHA, MD5 etc etc). Not to mention flaws which open blockchains like Bitcoin have - anyone can track you and see how much money you have. They can blacklist your coins etc.. Also I forgot to mention one of the biggest flaws of cryptocurrency - once the Internet goes down, crypto is no more (in theory, at least).

Those were my thoughts, personally I don’t give a shit, I don’t have anything of major value, I simply have nothing to lose.
 
We are going to see a collapse of the shale industry this decade- shale oil has never been able to cover it's own enormous operating costs. The government will almost certainly try to bail them out- that will only add another layer of bankruptcy to the government.

Furthermore, shale oil wells have horrific depletion rates. While the Federal Reserve can print unlimited currency to bail out the shale industry, they cannot print one square inch of drilling acreage.
tbh the shale industry had it's moments in the 2010s but it can't stem the inevitable trend toward peak oil for long. It just postponed the inevitable.
Whenever you read about the future these days a trend emerges of how the 2030s are going to be very challenging and a time of great transition and strife.
 
I wrote this post a few months back when someone asked me about the oil market:

The US has parroted "Energy Independence" due to "Fracking" - that is hydraulic fracturing of impermeable shale oil deposits with high pressure water, sand and other chemicals. The thing is though is the ball was set rolling on this sort of during the last recession when we saw oil price spikes. So depending on what kind of oil you are extracting determines the price per barrel. So the cheap oil was the easiest to find - places like Texas and Pennsylvania where oil used to seep out of the ground. You have the grand daddy the Ghawar field in KSA. All of that oil has been found and no more of that kind will be found. Now extracting that oil profitably can be done at $10 a barrel. Then you get into the deep sea drilling - like the North Sea by the UK and Norway. That was bad enough - then you're more into $40 a barrel for profitability. Then you have the operations like the Gulf of Mexico - like the Deepwater Horizon where they were drilling in 3000m of water. Then you're into $70 a barrel for profitability. So what is next? Well you have the oil sands like in Alberta which require large volumes of water and steam to separate the oil from the sand are very energy intensive to extract the oil so you're $90 a barrel there and into the laws of diminishing returns.

Fracking? Well you have to drill a lot more wells than with conventional oil because you have to fracture large amounts of this rock. You have to expend vast amounts of energy and capital to pump all that high pressure water down into the rocks to release the oil. The thing is these wells don't produce for very long - maybe only 2-3 years. Now fracking became a thing when we had lots of cheap money due to 0% interest rates but even then. All these fracking companies - they took the oil and then filed for bankruptcy because they have dozens of these wells and didn't have any money to clean them up.

So over all i have looked into the numbers and i think fracking might well be a net negative energy consumer - in that you put more energy in than you got out and many of these were a net negative capital wise - in many places the taxpayer has ended up footing the bill to clean up and secure the old well heads left over after bankruptcy. The end consumer has seen a glut of cheap oil and SUV's got popular. You see how economically insane this is?

KSA saw the chance to release a lot of their very cheap oil onto the market to try and reduce shale prices and give themselves back control of the market and Sen. Ted Cruz took to Twitter to cry about it.

So if oil prices crash - can these shale and tar sands and deep sea drillers stay in business? Will they keep producing? What about the refineries? If commuting is down will the US need as many refineries. Maybe a few close down - but restarting them likewise could take time. Now if prices increase again they might start producing but its not like a tap - the gap could see price swings.

Also - the other factor - people talk about peak oil - we saw how zero percent interest rates created the oil glut. Think about peak credit - Can a new wave of oil exploration or fracking even be financed at this point? That would indicate a trend upwards in oil prices. Then think about 2008 - there was a lot more at work in the oil markets than just supply factors.

In 2008 you had a massive bust and money searching around for returns and a safe haven - to some extent speculators many with the help of the big banks but the other factor was inflation in the US dollar. Now governments and fed all play games to measure inflation in such a way it doesn't show up in the figures - in the words of one man at a Q&A with Ben Bernanke "I can't eat an iPad". So inflation could also cause a spike in oil prices - deflation probably wouldn't be great either because it would rob the industry of capital in order to finance new drilling and maintenance of existing oil infrastructure and reduce consumers ability to buy oil.

I couldn't say for sure what will happen mate. But do you see how fucked up things could get?

Maybe Tesla is underpriced? Things are fucking insane out there.

------------------------------------------------------------------------------------------------------------

No, it won't be. Nuclear is wrought with problems, plus it is an oil derivative. Try mining, transporting, manufacturing, maintaining etc the materials, and hardware for nuclear energy without burning lots of oil. You can't do it.

For some applications I don't think would be practical without oil - but significant electrification of transport will stretch our remaining oil reserves considerably. I believe somewhere between 60-70% of oil products are used in transportation. The way I look at it there are a few applications in transport I don't see changing - one would be kerosene burning jet engines which i believe account for some 6% of global oil consumption in a given year. There is no practical replacement for them even on the drawing board.

The other at least in the medium term are marine diesel engines which run world shipping. I can't recall how much by volume they use - some 2% of emissions. They burn a waste product called bunker oil though so I doubt there is much urgency there. Marine diesels completely dominate at the moment - after the 2nd world war steam turbines still had a fair bit of market share. Given the life of a ship is about 20 years I wonder if you could switch ships over to gas turbines to run on LNG or you might see some running on nuclear steam turbines for the largest container ships that travel between a handful of mega ports.

I can see heavy goods vehicles and equipment remaining diesel powered for now but electric will make inroads.

The critical factor with oil is probably its use for the petrochemical industry - you might be able to substitute some of that for coal. It wasn't all that long ago that was a common practice - its just filthy.

If you had enough available energy you might well be able to synthesise oil products artificially. Nazi Germany had considerable industries which did this based on lignite and organic matter due to their lack of proper oil reserves. You could synthesise synthetic oil - diesel engines - certainly older ones with mechanical injection pumps will run on vegetable oil and heating oil without to much complaint. You can also run a diesel engine on dimethyl ether. Newer nuclear technologies and abundant solar thermal in desert latitudes may provide enough energy to provide for these needs.,

Nuclear technology that we have currently mostly dates back to the 1950's. The dominant reactor type world wide are the pressurised light water reactor. The guy who invented those designed them for small scale use in submarines. He never intended them to be scaled up. There is plenty of promise in thorium fuel cycles and molten salt reactors. Thorium at the moment is essentially a waste product. It also would lend itself to more modular designs - not requiring large scale civil engineering projects and be much safer and not produce so much long lived waste.
 

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