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Methane is not as fungible though, there's a significant cost to move it, especially via liquefaction. Also, as the price of oil goes down because Dilbert (et
by BlueTemplar 4y ago
Methane is not as fungible though, there's a significant cost to move it, especially via liquefaction.
Also, as the price of oil goes down because Dilbert (et al.) refuse to buy it, the marginal oil producer (probably US tight oil, ironically, since about 2006) gets priced out of the market, resulting in a decrease of production.
- thaumasiotes 4y agoElectrical power is far more fungible than oil is. If you have a disfavored sector of the economy that isn't allowed to use electricity from fossil fuels, and a favored sector that is, the effect on how much electricity your economy consumes from what sources will be zero until the amount of electricity needed by the disfavored sector exceeds total non-fossil-fuel-based production.
- BlueTemplar 4y agoNo, most of the economy is far more disconnected electricity-wise. And consider what kind of infrastructure it would take to be able to send electricity between, say, Spain and New Zealand !