That tells you what kind of strangle-hold the oil/gas industry has on the world and its economy.
The plain fact is that if you were to chart ‘gross energy usage’ over the past 160 years, you’d note that the economy and the overall wellbeing of the population can be tracked by the usage of energy. These folks, through manipulation of the price of oil – that is the purpose of a ‘alien’ cartel like OPEC (control prices)- has gotten the idea that they are indispensable and therefore should control everything … if they can’t, they’ll do their best to screw things up … which they have.
The 110 percent of usage being met by renewables in Australia literally suggests that that surplus could be captured as a waste-product in the form of hydrogen … and what we do with this surplus (aka: cheap) by-product of solar and wind is use the power to displace even more fossil fuels.
While trucking will be the first widespread application of the hydrogen surplus … and IMO it is all dependent on the overbuild for sustainability of wind and solar necessitating the conversion of electric generating surpluses into hydrogen – the killer app for hydrogen will be VTOLs – ie flying cars.
Here is a short video that explores some of both the dreams and realities of VTOL in 2021.