3 ms·
The problem with inelastic demand is that the severity of the problem goes from 0 to 100 very quickly as supply falls past the inelastic threshold. Lead times a
by jjoonathan 5y ago
The problem with inelastic demand is that the severity of the problem goes from 0 to 100 very quickly as supply falls past the inelastic threshold. Lead times are years in the energy space, so if we don't react to forecasts and instead wait to feel the pain we will be signing up for years of severe pain.
- fny 5y agoThis a thousand times. This is a manufactured energy crisis. We've divested from the fossil fuel space of so aggressively capital that there's no way out without a /lot/ of pain. It also doesn't help that nuclear is being phased out.