Timmy Elsewhere

Speccie

High oil prices mean that the (long term) supply of oil is rising and old bureacuracies never die.

1 thought on “Timmy Elsewhere”

  1. Jim Bliss has explained quite a few times that there’s a big difference between the *financial* and *energy* cost of oil.

    In other words, it might well be *financially* viable to pump oil which requires more energy to extract than it generates when burned (because oil is a more convenient way to power cars than hydrogen), but this won’t do anything to secure energy supplies.

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