Re:Why the World Economy Hasn’t Collapsed Yet
by bequanna on Friday July 01, 2022 @09:48PM
(#31955277)
See my other comment in this thread. Energy company execs have cited the exact things I stated as stopping them from investing in infrastructure.
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Re:Why the World Economy Hasn’t Collapsed Yet
by InefficientRed on Saturday July 02, 2022 @01:52PM
(#31960980)
Execs are salespeople. Tip: that 2012 Buick with rusted out baseboards isn’t actually a good deal, and oil co ceos are also sometimes full of it.
Refineries don’t fall out of repair overnight. Underinvestment is strategic, market-driven, and goes back over two decades. Politics is an excuse, and blaming a current crop of politicians for 20 years of underinvestment is prime facie bullshit.