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The costs of extraction have nothing to do with it. It's just dysfunctional political systems that toggle back and forth between "let's ban fossil fuels", and
by chrisco255 4y ago
The costs of extraction have nothing to do with it. It's just dysfunctional political systems that toggle back and forth between "let's ban fossil fuels", and "omg, the greedy gas companies are charging $6 a gallon!" The former caused the latter. Very little investment has been made in tapping new wells because of hamstringing by ESG virtue signaling. As a result, we're in a pickle.
The inflation we're experiencing has nothing to do with energy supply, it has everything to do with monetary, diplomatic, and fiscal policy.
- AstralStorm 4y agoI really hate it when people are spewing garbage mixed with fact. Yes, the inflation has nothing to do with energy supply, or even price of digging it all up. The pricing of it is always driven by a plausible excuse and greed. No, investment in tapping new wells is at an all time high, and for example has turned USA into a net oil exporter. Gas too. Thing is, fossil fuels are not evenly distributed, nor do we want to use them to heat up the planet more. So when a major producer is cut off or decides to do everyone in, we get a price spike, and prices rarely return to baseline.