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Probably catering to his audience. His books are much more even, and when he's gone on podcasts he points out how he'd like to be wrong about what he sees. Th

Probably catering to his audience. His books are much more even, and when he's gone on podcasts he points out how he'd like to be wrong about what he sees. That particular laugh also came off as rather forced. Simple fact is though that America is the big winner in a European energy crisis. We get to sell Europe all the excess energy we can pump out while simultaneously gaining all the European industry that can leave/requires cheap energy.

Thlom 4y ago
Norway is also raking in money on gas and to a lesser extent electricity, only problem is that we also get the insane electricity prices (or to be more precise, most of us. Electricity is up to 1000% more expensive in the south than in the north). The government is getting richer while the population is sucked dry from the "smart" electricity meter.
hef19898 4y ago
Agree on the cash flow from energy exports. Hard disagree on industry leaving over this, the time frame to actually do so is way to short for now.
- scottLobster 4y ago
  That's assuming the crisis passes relatively quickly. If energy prices remain inflated for years, and your business model depends on cheap energy, and perhaps the US government awakens from its drunken stupor one morning and starts offering incentives on top of that...
  - hef19898 4y ago
    An other if: The countries currently hosting those industries do nothing to hold them. By the way, German energy prices for industry were among the lowest in Europe up to the current FUBAR situation. The brunt of electricity price increades due to the Energiewende is born by consumers.
    - scottLobster 4y ago
      True, but you sacrifice global competitiveness if you force a company to operate uneconomically, and Germany is an export-driven nation, even more so if German consumers are being eaten alive by inflation. Not that said countries won't try or that the industries are leaving tomorrow, but at the end of the day the energy has to come from somewhere, and every day it doesn't those businesses are losing money, or the taxpayers are losing money subsidizing them. In the worst cases you end up like that Soviet company that exported industrial furnaces to then West Germany and was held up as a bastion of Soviet global competitiveness, when the West German buyers were literally melting down the furnaces for the raw metals because they were just so cheap and the metals so comparably valuable in the global market.

Thlom 4y ago

Norway is also raking in money on gas and to a lesser extent electricity, only problem is that we also get the insane electricity prices (or to be more precise, most of us. Electricity is up to 1000% more expensive in the south than in the north). The government is getting richer while the population is sucked dry from the "smart" electricity meter.

hef19898 4y ago

Agree on the cash flow from energy exports. Hard disagree on industry leaving over this, the time frame to actually do so is way to short for now.

scottLobster 4y ago
That's assuming the crisis passes relatively quickly. If energy prices remain inflated for years, and your business model depends on cheap energy, and perhaps the US government awakens from its drunken stupor one morning and starts offering incentives on top of that...
- hef19898 4y ago
  An other if: The countries currently hosting those industries do nothing to hold them. By the way, German energy prices for industry were among the lowest in Europe up to the current FUBAR situation. The brunt of electricity price increades due to the Energiewende is born by consumers.
  - scottLobster 4y ago
    True, but you sacrifice global competitiveness if you force a company to operate uneconomically, and Germany is an export-driven nation, even more so if German consumers are being eaten alive by inflation. Not that said countries won't try or that the industries are leaving tomorrow, but at the end of the day the energy has to come from somewhere, and every day it doesn't those businesses are losing money, or the taxpayers are losing money subsidizing them. In the worst cases you end up like that Soviet company that exported industrial furnaces to then West Germany and was held up as a bastion of Soviet global competitiveness, when the West German buyers were literally melting down the furnaces for the raw metals because they were just so cheap and the metals so comparably valuable in the global market.