Re:Solid-state EV batteries now face "production hell"
by Retric on Sunday January 28, 2024 @07:12PM
(#39171313)
Oil in the ground isn’t rotting, but it is finite so the logic isn’t so obvious. Especially because new local drilling has minimal impact on wholesale prices.
If you expect future prices to spike then the wise choice is to avoid drilling until you can maximize gains.
If you expect future prices to remain unchanged then the wise choice is to avoid harming your local environment and have other countries despoil the own.
Only if you expect future prices to tank does it become a good idea to extract while the prices remain high.
Re:Solid-state EV batteries now face "production hell"
by bbarnett on Monday January 29, 2024 @09:16AM
(#39176493)
Your discussion of pricing isn't necessarily wrong, although I haven't bothered to ponder your words, as it has zero to do with political bans on oil extraction.
If you expect future prices to spike then the wise choice is to avoid drilling until you can maximize gains.
If you expect future prices to remain unchanged then the wise choice is to avoid harming your local environment and have other countries despoil the own.
Only if you expect future prices to tank does it become a good idea to extract while the prices remain high.