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Cheap fossil fuels tend to create demand in the form of less efficient energy use. After all, energy efficiency costs money. If you look at periods of cheap ga
by lumost 5y ago
Cheap fossil fuels tend to create demand in the form of less efficient energy use. After all, energy efficiency costs money.
If you look at periods of cheap gas they typically lead to more use of flights, bigger and less efficient cars, and a reduction in alternative investments.
Compare the cars from the 70s oil shock like the VW Golf with the SUVs of the 90s.