3 ms·
> energy. It's one of the most highly regulated industries in the US and yet energy inflation has been barely positive over the last 20 years Because the USA i
by frankreyes 4y ago
> energy. It's one of the most highly regulated industries in the US and yet energy inflation has been barely positive over the last 20 years
Because the USA is still using oil and petroleum derived products to produce energy, shale oil is the single best source of energy in the USA... regulations barely had to be updated, only for shale oil.
Compare that with Europe where they stopped using petroleum derived forms of energy.
Specifically, compare the natural gas prices in both regions:
https://commons.m.wikimedia.org/wiki/File:Natural_gas_prices_Europe_and_US.webp https://commons.m.wikimedia.org/wiki/File:Natural_gas_prices...