Re:After years of doubts, hopes grow that nuclear fusion is ...
by specialist on Sunday December 26, 2021 @11:24AM
(#29693701)
Yes and: I concluded "peak oil" happened once Big Oil stopped investing in infrastructure, like refineries, choosing to extract as much wealth as possible on the way down. In all these food fights, I wish more of us arm chair pundits paid attention to what the major players were actually doing (finance, investment), vs taking cues from other pundits.
Re:After years of doubts, hopes grow that nuclear fusion is ...
by colechristensen on Sunday December 26, 2021 @05:54AM
(#29691358)
Energy prices are not plummeting globally, the drop that did happen can primarily be put squarely on america developing enormous new oil resources which broke the opec cartel which couldn’t get its act together in the new environment (and was trying to bankrupt the more expensive NA oil by dumping below production cost for tar sands). Geopolitics and world events have ended this period of cheap oil which is still fluctuating but the contribution of wind and solar is just not big enough yet to dominate the energy market.
Oil prices are rising as production falls. That is falling because exploration is not expected to pay off. It is a fundamental mistake to confuse short-term fluctuations with trends.