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Those other reasons being none other than pure greed. Total energy consumption has peaked in Europe in 2021 while prices go up like they're building a data cen
by jasonsb 11mo ago
Those other reasons being none other than pure greed.
Total energy consumption has peaked in Europe in 2021 while prices go up like they're building a data center in every european country every 60 minutes.
- estimator7292 11mo agoThe AI/DC bubble is about pure greed. You're only about a third correct
- JumpCrisscross 11mo ago> other reasons being none other than pure greed This is a good sign you’re missing something. Particularly when talking about a global and diversified commodity like energy.
- anon7000 11mo agoEvery for-profit company operating under capitalism is essentially required to be greedy in order to be successful.
- hackable_sand 11mo agoThat is broadly true, but we need more accuracy.
- JumpCrisscross 11mo ago> Every for-profit company operating under capitalism is essentially required to be greedy Every company (currently) depends on atmospheric oxygen, that doesn’t make O2 the cause of energy prices. Greed exists. It always has. Unless energy distributors have specifically become more greedy, recently and globally, the answer is somewhere else.
- loeg 11mo agoUnder this definition, the word is devoid of meaning.
- potato3732842 11mo agoShrodinger's market conditions. Something is either a diversified commodity subject to strict free market competition, razor thin margins and highly elastic supply/demand or it's a shithole of regulatory meddling and inelastic supply/demand with long feedback loops. Which it is depends on what political position you are trying to advance.
- JumpCrisscross 11mo ago> Something is either False dichotomy. Also, the cause not being greed doesn’t mean it’s inexplicable. There is probably a problem that can be fixed. It’s just not wishing upon a star that people were less greedy.
- potato3732842 11mo ago>False dichotomy. Yeah, just tainting something with motivated reasoning without utilizing it solely is absolutely a thing. Not my fault Schrödinger didn't leave room for all the nuance of market conditions. Not to say I agree with "hurr durr it's greed". Usually if something is inexplicably wacky and fucked up it traces back to Nth order effects of regulations, not necessarily in the same jurisdictions.