What’s wild to me is how the US is leaving itself in the dust. How the GOP imagines we’ll be competitive when the rest of the world can produce electricity 10x cheaper than we can is a wonder in itself
What’s wild to me is how the US is leaving itself in the dust. How the GOP imagines we’ll be competitive when the rest of the world can produce electricity 10x cheaper than we can is a wonder in itself
They are currently getting lobbied by oil executives, who are trying to maximize short-term profit while they still can. The wider industry doesn't have the long-term vision to preemptively outlobby them, so the GOP is doing what oil wants.
Dealing with competition in a post-oil world is a problem left for the next generation: the current GOP will be long-dead by then and will have enjoyed the fruits of accepting decades of oil bribes.
By forcing oil prices to get 10x cheaper, at the barrel of a gun. See: Venezuela and Iran. Will it work? I would not bet on it.
I almost paid < $1USD/gal gas a couple months ago ($1.20 89 octane). My electric is ~ $.12USD/kwh. Gas is just as inexpensive.
Where in the EU can I get energy for 10x cheaper?
https://www.bruegel.org/analysis/europe-has-solid-basis-batt...
That does not make the investment any better. Private capital can be misallocated too.