Thread by @ThHappyHawaiian

I listened to you discuss oil on the Silver Fortune podcast @SRSroccoReport

I have a couple of questions on that energy outlook

1. What about the countervailing trend of increased energy efficiency, better MPG, reduced electricity usage in lighting and AC, electric vehicles?

Over the last decade alone I saw in another report the ‘bite’ of higher oil prices has been reduced by 30% due to the last decade of progress, why will this not continue?

2. As oil prices rise, it incentivizes renewables to proliferate faster, and scale makes them cheaper

3. Impacts of increased remote and virtual work?

4. Impacts of high density indoor farming, and localized energy production via solar/wind reducing need to transport food and carbon based fuels?

Lastly, higher oil prices would encourage more money to go towards ‘moonshot’ style energy research

We could have a breakthrough in fission or geothermal

Actually I’d add automation of labor being another way to offset potential increased energy costs as well

$150 oil in the 2000s is what lead to the innovation of fracking which was extremely costly at the time

As price fell the fracking got more and more efficient to the point its costs declined by 60%+

Only now have they reached the point they can’t cut further and supply reducing

Short term it can hurt for sure, but the world will innovate to find energy in one way or another

Price solves problems in actual free markets like energy