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And we have zero support on any of those topics from the current administration, which is solely focused on NOT supplying BTUs to the market. Some see this as a

And we have zero support on any of those topics from the current administration, which is solely focused on NOT supplying BTUs to the market. Some see this as a good thing, so welcome to the outcomes they’ve been wanting. Time will tell if Americans actually prefer this.

arcticbull 4y ago
Personally I am in favor of high gas prices in order to incentivize switching away from fossil fuels. However, it does require the government meaningfully invest in a replacement (nuclear, other renewables, etc) - and that the government shouldn't allow a transient spike to derail the longer trend. More supply of oil is needed now in order to support the long-term transition away. IMO ofc.
- cplusplusfellow 4y ago
  You can be in favor of this, but don’t act like it’s not a cause of inflation.
mindslight 4y ago
> current administration, which is solely focused on NOT supplying BTUs to the market What? Did you somehow miss that huge climate bill, which drastically increased the subsidies for solar and other forms of energy independence? It seems like the bickering is over the form of "BTUs". I myself would have been happier if the climate bill didn't prematurely end the consumer biomass subsidies (eg for wood stoves, etc). But your blanket characterization is a bit ridiculous.
- cplusplusfellow 4y ago
  Like it or not, better for the climate or not, but solar and "other forms of energy independence" subsidies will not power a Caterpillar D9. The world still needs diesel right now, and we're discussing inflation that is happening right now. When we've successfully build construction & transportation equipment that can use electrons, then we can discuss their utility. What we're bickering about is the timeline.
  - mindslight 4y ago
    Solar/storage will certainly power a geothermal heat pump, replacing an oil burner that would otherwise burn ~diesel. Or a car that would otherwise burn gasoline (modulo the long timeline of capex). Yes, there are definitely fundamental engineering constraints when it comes to renewable energy sources. Which is exactly why it makes sense to encourage tackling all of the low hanging fruit we can, rather than continuing to waste limited dinosaur juice out of convenience or inertia. Politically, it's awfully hard to separate past government action and actions by mutually-acting companies, from current government policies. Biden got politically pinned with the price inflation that happened due to all the monetary inflation of the Trump administration. The brazen consumer price inflation that started happening a year+ ago seems to have been kicked off by a bunch of news articles announcing it, etc. The narrative about approving new drilling leases seems like it has nothing to do with current extraction rates, and everything to do with fossil fuel companies wanting to title up the public commons now, for use in the future.
    - cplusplusfellow 4y ago
      > Solar/storage will certainly power a geothermal heat pump, replacing an oil burner that would otherwise burn ~diesel. Will. One day. Doesn’t today. Inflation is happening today.
      - mindslight 4y ago
        First, the heat pumps and wood stoves people have installed for this winter will most certainly cause less oil and gas to be used this winter. Second, what immediate energy sources are you referring to, specifically? The main thing I've heard about is not approving new drilling permits on public land, which also won't have much immediate effect.

arcticbull 4y ago

Personally I am in favor of high gas prices in order to incentivize switching away from fossil fuels. However, it does require the government meaningfully invest in a replacement (nuclear, other renewables, etc) - and that the government shouldn't allow a transient spike to derail the longer trend. More supply of oil is needed now in order to support the long-term transition away. IMO ofc.

cplusplusfellow 4y ago
You can be in favor of this, but don’t act like it’s not a cause of inflation.

mindslight 4y ago

> current administration, which is solely focused on NOT supplying BTUs to the market What? Did you somehow miss that huge climate bill, which drastically increased the subsidies for solar and other forms of energy independence? It seems like the bickering is over the form of "BTUs". I myself would have been happier if the climate bill didn't prematurely end the consumer biomass subsidies (eg for wood stoves, etc). But your blanket characterization is a bit ridiculous.

cplusplusfellow 4y ago
Like it or not, better for the climate or not, but solar and "other forms of energy independence" subsidies will not power a Caterpillar D9. The world still needs diesel right now, and we're discussing inflation that is happening right now. When we've successfully build construction & transportation equipment that can use electrons, then we can discuss their utility. What we're bickering about is the timeline.
- mindslight 4y ago
  Solar/storage will certainly power a geothermal heat pump, replacing an oil burner that would otherwise burn ~diesel. Or a car that would otherwise burn gasoline (modulo the long timeline of capex). Yes, there are definitely fundamental engineering constraints when it comes to renewable energy sources. Which is exactly why it makes sense to encourage tackling all of the low hanging fruit we can, rather than continuing to waste limited dinosaur juice out of convenience or inertia. Politically, it's awfully hard to separate past government action and actions by mutually-acting companies, from current government policies. Biden got politically pinned with the price inflation that happened due to all the monetary inflation of the Trump administration. The brazen consumer price inflation that started happening a year+ ago seems to have been kicked off by a bunch of news articles announcing it, etc. The narrative about approving new drilling leases seems like it has nothing to do with current extraction rates, and everything to do with fossil fuel companies wanting to title up the public commons now, for use in the future.
  - cplusplusfellow 4y ago
    > Solar/storage will certainly power a geothermal heat pump, replacing an oil burner that would otherwise burn ~diesel. Will. One day. Doesn’t today. Inflation is happening today.
    - mindslight 4y ago
      First, the heat pumps and wood stoves people have installed for this winter will most certainly cause less oil and gas to be used this winter. Second, what immediate energy sources are you referring to, specifically? The main thing I've heard about is not approving new drilling permits on public land, which also won't have much immediate effect.