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Full stop. You seem pretty certain. How do you explain what's happening in the US (particularly in California)? Are you saying infrastructure currently does not
by LanceJones 4y ago
Full stop. You seem pretty certain. How do you explain what's happening in the US (particularly in California)? Are you saying infrastructure currently does not support or won't in the future?
- AndrewKemendo 4y agoI would hypothesize that if you counted up the cumulative stored joules of existing and accessible petro-energy stocks and compare that to the equivalent with electrical generaton, then evaluate what it would take to replicate the logistics networks that provide electricity *above and beyond* current electrical generator capacity, it wouldn't even be close to capable of being a 1:1 replacement without a century of no or negative margin investments that people have no incentive for. It's like crypto - people got excited with Musk's sexy vision of the future and so it caused a mania around it. A private company cannot possibly fund this scale of infrastructure development because it requires decades of losing money. The challenge is that it's in conflict with 100 years of oil-based infrastructure development that still has the same incentives.