If we switched to renewable energy, the cost of coal and oil would crash, but it wouldn't drop to zero. Wealthier countries would stop producing oil locally and shipments would still circle the globe from countries desperate enough to keep producing at lower profits, to countries that cannot affort the more expensive renewable infrastructure.
That's not a reason not to switch. We just need to be prepared for the reality that no single solution will resolve all our problems. Conservatives and energy barons will fight tooth and nail, and will point to the new problems as evidence that we never should have switched. was
countries that cannot affort the more expensive renewable infrastructure
This presumes renewables are more expensive. But I would posit that a rapid adoption of renewables is going to occur as the cost of operating - say - a thorium powered container ship falls below that of its coal equivalents.
What I would be worried about, long term, is the possibility that advanced technologies further monopolize industries within a handful of early adopter countries. That's not an ecological concern so much as a socio-economic concern.
If the experience of the NS Savannah is anything to go by, the major hurdle that ship is going to face is Greenpeace etc. fomenting irrational anti-nuclear hysteria until it's banned from so many ports that it'll be too difficult to operate it profitably. I hope I'm wrong and I wish them luck.
Good luck, they’d have to ban nuclear subs and no nation wants to throw that protection away.
No, that doesn't follow. I'm pretty sure nuclear subs -- or nuclear aircraft carriers, for that matter -- rarely dock at commercial ports, and there's no reason (other than hypocrisy, which is not relevant) that a country can't decide to bar nuclear ships from commercial ports while still allowing them at military naval bases.
Depends on the sub but yeah they do. Lots and I'd go so far as to say most naval bases are the deepest port inland for protection often surrounded by private commercial businesses. Hell the shipyard most of the us nuclear subs are made is adjoining one of the nations largest ports.
They wouldn't port ban them since that doesn't actually solve the complaints, it would be exclusion from territorial waters and no one wants to do that. A. because they're safer B. Because the protection nuclear navies provide is something everyone values C. These things are usually decided between nations not generally by a sole nation.
Would the price crash or would it stabilize at a much higher price as a specialized commodity where the cost of refining no longer benefits from economies of scale and instead only benefits from buyers who are unable or unwilling to use alternatives?