Yes, Charlie Stross continues to rant, enjoyably and correctly, in my view. I’ll share a brief quote and then encourage you to read his long post. And I’m still bothered by the idea that he is 61 and “never expected to get to be this old”. That is not that old, dude! Possibly I feel that way because it is not all that much older than I am! And I am not yet ready to concede that I am old.

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: Europe had been relying on Russian exports of natural gas via the Nordstream 1 and 2 pipelines, but Russia—which is primarily a natural resource extraction economy—suddenly turned out to be an actively hostile neighbour. (Secondary lesson of this war: nations run by a dictator are subject to erratic foreign policy turns—nobody mention Donald Trump, okay?) 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.

The idea of fossil fuels as “stranded assets” has faded from the US press, but he is surer than ever. And I think he is right, and it is industry and political propaganda (which are, of course, one thing at the moment, or maybe always one thing but different industries get the upper hand depending on the politics) that is hiding this fact from us here in the United States, which is rapidly downshifting to developing country status relative to the world’s most advanced countries.