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How can they enforce a price limit on natural gas? What is being done elsewhere is a subsidy to lower the effective price of natural gas for as long as the cred
by mikewarot 4y ago
How can they enforce a price limit on natural gas? What is being done elsewhere is a subsidy to lower the effective price of natural gas for as long as the credit of the nation can afford to pay the difference. This completely removes the incentive from people to save gas that would come from letting it rise to meet demand. This is a strong distorting influence on the economy, it's a perverse incentive.
The same can be said of fossil fuels in general, they're been priced at the cost of extraction, not even a tiny fraction of their true value for 200 years. That pulse of incredibly cheap stored sunlight is entering its decline phase now, and I worry that humanity isn't ready to handle it.