Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on November 6, 2021

Bookmark and Share

Carrots and sticks: why energy prices won’t fall for a long time

Consumption

We often write here about the global economy being at an inflection point. Many of the great trends that have shaped the last few decades are coming to an end. The age of cheap labour is ending as politics restricts easy migration and the world’s population ages. The easy growth, productivity gains and deflationary impulses from the integration of China into our economic systems are all fading. At the same time companies and countries are changing the way they think about supply chains (just in case rather than just in time). All this is disruptive and inflationary in itself. But there is one more factor to add into the mix – the price of energy is rising and going to keep rising. This matters.

In 2013, in his book Life After Growth, Tim Morgan noted that the real economy is at heart nothing but an energy equation. Without a steady supply of cheap energy (to provide everything from our fuel to our chemicals and fertiliser) there is nothing to drive long-term growth. What matters then is how much energy costs to produce.

There was a time when we didn’t need to worry about this much: when we could use “rudimentary wellhead equipment to access billions of barrels of energy in the sands of Arabia”, we got “at least 100 units of energy for each unit invested in the infrastructure” (the energy return on energy invested – EROEI – was 100:1). It didn’t last long. In 1990, the global energy EROEI was about 37:1. When Morgan was writing it was 14:1. Today there is much debate on EROEI – you will find endless papers online claiming that fossil-fuel numbers are lower than once thought (once refining and transport are taken into account) and that renewable numbers are higher than they first look (it depends on the life of each project, for example).

But however you cut it, one thing that is coming out of the COP26 meetings in Glasgow this week is a promise that energy is going to be more expensive for a long time before it gets both cleaner and cheaper.

Carrot and stick will both play a role. The global financial sector seems set on defunding the fossil-fuel industry and we should expect to see rising carbon prices layered on top of the supply crunch that may cause. We should also probably expect to pay higher taxes to finance the subsidies government will keep offering to low-carbon energy production. As renewables scale up, notes Arthur Kroeber of Gavekal, we should expect the end price of electricity to rise too – the intermittency of solar and wind means we must invest more in spare-capacity storage and grid upgrades. Other problems will come in the sharp rise in demand for the metals renewables need – lithium, cobalt and nickel in particular – and in the waste created by replacement cycles for solar panels and turbine blades. None of this is insurmountable. But it is disruptive (and the more serious anyone is about net zero, the more disruptive it is) and it is almost certainly quite inflationary. We might (in many decades) end up with a clean energy system. But getting there is going to be an inflationary journey into “the unknown and the unpredictable”.

This might all seem a bit long-term (carbon prices won’t soar the minute the 400 private jets that landed in Glasgow this week leave), but it should add to the list of things making investors feel a little uneasy about valuations. Market corrections are impossible to forecast. But it really does feel like our next one is a tad overdue.

money week



40 Comments on "Carrots and sticks: why energy prices won’t fall for a long time"

  1. Theedrich on Sun, 7th Nov 2021 2:19 am 

    The top of the U.S. regime is a fraud. Because the electorate wants it that way.  The entire system is a festering septic tank of bribery, lies, fanatical ideologies, psyops and rot.  All of the federal departments, the secret police, spy agencies, the “foreign aid” and so-called “non-governmental” organizations, plus the rent-seeking businesses and industries (especially the military-industrial complex), along with the corrupt propaganda media, participate in the diseased system.

    No serious truth can penetrate the fog of war against the willfully blind America electorate.  The genetically fixed low IQ (80-85) of the darkies, the traditional hatred of the high-IQ Chosenites for the White race, the perverted mythology, ideology and value system of the Christian Bible-pounders, and above all the general genosuicidism of the White race, cannot be discussed, let alone corrected.

    So it is no wonder that a geriatric traitor is now at the peak of the political pyramid.  It is no wonder that brain-destroying narcotics imported by “Liberals” are killing and disabling vast numbers of the masses.  The explosive spread of crime of every sort, especially in the large cities, is encouraged by the political and media elites.  Marxism now dominates the major colleges and universities everywhere, while simple, evolutionarily evolved biological facts are claimed to be “social constructs.”  And this collapse-ward drift is welcomed by the herd in election after election.

    Currently the main tool of obfuscation is the Fauci-and-Chinese-developed COVID-19 virus.  Only the bribe factories of Moderna, Pfiser, Merck and similar branches of Big Pharma are allowed to control the narrative about it.  Meanwhile the Democrat Party’s demographic destruction of the nation by importing millions of uncivilized trash, with the covert complicity of many Republicans, is advancing at a rapid pace.  And the propaganda organs emit little to no news about it.  As this goes on, the tyrants at the summit are busy devaluing the currency with multi-trillion-dollar programs to “rebuild” the economy while destroying it.  And the elites pat themselves on the back for their woke dictates.

    As Roma Æterna once went down to permanent defeat by barbarian invasion, so America Æterna now follows the same path.

  2. LotOfAnimalTogether on Wed, 10th Nov 2021 12:09 am 

    Lot of animals in this video. Look at the legs of the guitar player with gray hair. Moving like an animal.

    https://www.youtube.com/watch?v=Zup5Pg98m5U

  3. SomeMoreAnimal on Wed, 10th Nov 2021 12:32 am 

    Some more animal. Espacially the short girl.

    https://www.youtube.com/watch?v=dU00EuczOiA

  4. SomeMoreAnimalForYourPleasure on Wed, 10th Nov 2021 9:17 am 

    She really look like an animal

    https://www.youtube.com/watch?v=ADPWLG1mJjw

    They should look like animals because that is what they are

  5. SomeOfMyMusing on Wed, 10th Nov 2021 9:29 am 

    This a war happening within the whole GOD consciousness. It is not happening at the carnal or physical body level. This is a war between different energy beings as to who will own GOD consciousness and which reality will be the predominant one. We seem to be winning now.

    We are making good progress, I think. The voice said, Merci.

  6. SomeOfMyMusing on Wed, 10th Nov 2021 9:32 am 

    I see some of these pieces of shit animal through my living room window. Fuck I hate them.

  7. SomeMoreAnimalForYourPleasure on Wed, 10th Nov 2021 9:40 am 

    First 15 sec. They are animal and should look likes ones.

    https://www.youtube.com/watch?v=AVz6PNHu60Q

    Fuck I hate them.

  8. SomeMoreAnimalForYourPleasure on Wed, 10th Nov 2021 10:08 am 

    They are animal and should look likes ones.

    https://www.youtube.com/watch?v=gap2WssoxWc

    I almost beat one of these animal at grocery store. A short skinny Indian man with black CGI eyes. I need food to stay alive so I controlled myself. This cock sucker was desinfecting, with a wipe, the handle bar of the grocery cart.

  9. SkinCancerBitch on Wed, 10th Nov 2021 11:26 am 

    Skin cancer bitch. 1:42

    https://www.youtube.com/watch?v=AJ3Z1gvz_7g

    Maybe I can give to the none human skin cancer by creating thoughts in my head of them dying of skin cancer. Maybe I could allocate a big chunk of my electromagnetic energy toward this goal.

    So happy about my eyes sight improvement

    ————————————————
    Your thoughts and matter are electromagnetic energy. Because energy cannot be destroyed your thoughts continue to exist.

    The electromagnetic energy of a thought will transform, evolve and combine with similar energy on deep inner levels of consciousness. Once reaching sufficient intensity, this electromagnetic energy arises as particles that form events.

    Consciousness can be seen arising as matter in the Zero Point Field (ZPF).

    https://www.mindformsmatter.com/Does-consciousness-create-reality-how-do-my-thoughts-create-matter-reality/

  10. IAmThePaleRider on Wed, 10th Nov 2021 11:58 am 

    Apparenty, I am now the pale rider. This was on the fisrt row and fisrt column after I wrote the comment above.

    https://www.youtube.com/watch?v=bdtx1nF-Ki0&list=RDbdtx1nF-Ki0&start_radio=1

    ——————————————

    I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.

    https://biblehub.com/revelation/6-8.htm

    ————————————-

    ale Rider is a 1985 American fantasy Western film produced and directed by Clint Eastwood, who also stars in the lead role. The title is a reference to the Four Horsemen of the Apocalypse, as the pale horse’s ghost rider (Eastwood) represents Death. The film, which took in nearly $41 million at the box office, became the highest grossing Western of the 1980s.[3]

    https://en.wikipedia.org/wiki/Pale_Rider

  11. LetsSee on Wed, 10th Nov 2021 12:08 pm 

    Time will tell if I am powerful or it was just my ego. Let’s see how many animals are going to die of skin cancer.

  12. ThisIsFuckingGood on Wed, 10th Nov 2021 1:41 pm 

    Big black eyes like that really accentuate their animal side. I fucking love it. Girl on they left. Really animal looking.

    https://www.youtube.com/watch?v=tI5m8ft1EEc

  13. ThisIsFuckingGood on Wed, 10th Nov 2021 1:49 pm 

    18:14

    Big black eyes, personally I am a fan.
    Nothing say I am an animal like big blacks eyes

    https://www.youtube.com/watch?v=uQPO6RHC37A

  14. ThisIsFuckingGood on Wed, 10th Nov 2021 2:47 pm 

    This one is good also. There are so many good ones all over the place now, compare to two weeks ago. 2:47

    https://www.youtube.com/watch?v=uZwW4zsfbfA

  15. ExecutionByCancer on Wed, 10th Nov 2021 3:56 pm 

    You have skin cancers losers, 0:05 0:50

    https://www.youtube.com/watch?v=CqHIHgPodYM

    I am working hard at giving you skin cancer if you are not human.

  16. SomeOfMyMusing on Wed, 10th Nov 2021 6:47 pm 

    These animals have brown skin. It might be difficult to turn the color of their skin red. It works for Whites people will not work for browns people.

    So we have to put on brown skin people melanoma type of skin cancer.

    Why I choose, skin cancer. These people are really stupid and probably cannot relate to what liver cancer is. Skin cancer is visual and easier to relate too.

    https://miiskin.com/skin-cancer/pictures/

  17. SomeOfMyMusing on Wed, 10th Nov 2021 6:52 pm 

    Maybe for brown people, we could use a big patch of red skin and brown skin around it. This could world also.
    It is really quit in my head. It is like the energy field is empty with no thoughts in it.

    It is 20:00 and it is really quiet in my head and outside of the house.

  18. SomeOfMyMusing on Wed, 10th Nov 2021 7:09 pm 

    Imagine that this is universal picture movie studio from Netherland. Yet actors have long necks.

    https://www.youtube.com/watch?v=PF60DwefNpM

    By doing what we did, we changed the whole
    consciousness of GOD with long neck people and put a new reality in place. We replaced the old reality with a new one. This real knowledge about GOD, not bible bullshit

  19. SomeOfMyMusing on Wed, 10th Nov 2021 7:36 pm 

    This is even better when you think about it. We are separating the wheat from the chaff. We have created another specie. We now have two species on earth, one that is human, and one that is an animal and look like an animal but walk in upright position. We are actually playing GOD. Now we are preparing ourselves to exterminate one specie with the blessing of higher GOD”s. I am anyway exterminating the animal specie.

    separate the wheat from the chaff
    To separate the good or valuable from that which is inferior.

    https://idioms.thefreedictionary.com/separate+the+wheat+from+the+chaff

  20. SomeOfMyMusing on Wed, 10th Nov 2021 7:43 pm 

    All this is happening because higher GOD’s want it to happen. They want this probably more than we do.

    See this as a way to destroy the old creation and putting a new one in place. Exterminating the animal specie is equivalent to destroying the old creation to make room for the new one.

    No idea where I get all this inspiration

  21. ThisIsWorkingWell on Wed, 10th Nov 2021 8:39 pm 

    Elon musk is a fucking animal. We are getting good result in separating the wheat from the chaff.

    https://www.youtube.com/watch?v=AqGWEk7bxZ0

    We even removing the crook business people.

  22. ILackInspirationRightNow on Thu, 11th Nov 2021 9:35 am 

    We are doing the right and I like everything I see. I don’t have inspiration right now. Once all the animal are found and transformed into animal, we will move forward toward their extermination with skin cancer. We only exterminate the animals, we do not touch humans, skin color is irrelevant as long as they are humans.

  23. ILackInspirationRightNow on Thu, 11th Nov 2021 10:13 am 

    This is an animal. We don’t want them with humans. We want to be able to isolate ourselves from them.

    https://www.youtube.com/watch?v=32AZt3cXDyc

  24. WeAreMakingProgress on Thu, 11th Nov 2021 10:27 am 

    I see we are making progress with the skin cancer. Good. 3:05

    https://www.youtube.com/watch?v=1EFaUUGxh9I

  25. SomeOfMyMusing on Thu, 11th Nov 2021 12:29 pm 

    I just came back from the grocery store. You see some of them with total black eyes on a white background exactly like you see on YouTube. I am think I am right. They can only generate thoughts about themselves, of if you want that only redirect electromagnetic energy toward themselves. They see themselves and the world the lived into as one.

    As opposed to a humans like me, I see my self as one identity, my soul as another identity and the world I live into as another thing. We I saw that the whole internet and the whole change to a new reality, I told myself there is no real reality. For me, my body stay the same and my thoughts are directed or electromagnetic energy is directed outward. I am not part of the world I live into, I see my self as a different identity. They see themselves as one with the world, this is they are communist.

    Let’s imagine the whole energy field is a squared. Driving back home I was saying to myself, can we move the animal to the left of the energy field and we move to the right. We move far apart from each other in the energy field that we cannot interact with each other in the energy field. Then a voice in my head told me, no “We killed them”. So apparently we killed them.

  26. SomeOfMyMusing on Thu, 11th Nov 2021 12:41 pm 

    I think it is impossible to move them into another location in the energy field. First how do you communicate that using the mainstream media. How do you make this concept accessible to them. They are too stupid, this kind of knowledge is beyond them.

    So we are left with killing them.

    Women need a redesign. Women are narcists, self-center and egoistic that they can only generate thoughts or energy direct inward toward themselves. Most men these days have a women brain, so they also redirect their thoughts towards themselves.

  27. SomeOfMyMusing on Thu, 11th Nov 2021 12:51 pm 

    This creation is a total mess. My suggestion is still the same, find the high IQ masculine man, fast track their ascension into the energy field, or make the GOD if you want and destroy everything.

  28. SomeOfMyMusing on Thu, 11th Nov 2021 12:57 pm 

    Read my comments back. Now you will understand why they were pushing evolution and saying there is no GOD.

    They had to enslave humans that push energy outward of their bodies to create a civilization. Women only push energy inward toward themselves. Since these animal are mostly of female type. they did not have enough outward energy to build civilization : tree, rivers, lands.

  29. SomeOfMyMusing on Thu, 11th Nov 2021 12:59 pm 

    Really quiet in my heads. It is 14:00 here, nothing in my head. No thoughts no energy nothing.

  30. SkinCancerSeemsMorePrevalent on Thu, 11th Nov 2021 1:10 pm 

    12:04. You have skin cancer

    https://www.youtube.com/watch?v=zy7c_FHiEac

  31. SkinCancerSeemsMorePrevalent on Thu, 11th Nov 2021 1:31 pm 

    0:42 Skin cancer ugly jews bitch. Could we exterminate the whole jews race witn skin cancer. That will be a plus for the world. The voice seems to agree.

    https://www.youtube.com/watch?v=T7KCdOWLLRU

  32. SkinCancerSeemsMorePrevalent on Thu, 11th Nov 2021 1:43 pm 

    Expect extermination of the jews race to start soon with skin cancer. Receive confirmation of this on my youtube.

  33. SkinCancerSeemsMorePrevalent on Thu, 11th Nov 2021 2:20 pm 

    My COVID CANCER Diagnosis

    https://www.youtube.com/watch?v=ozypofRKIiQ

    Interesting it just show up on my youtube page. I was scrolling down, and then here it was.

  34. SkinCancerSeemsMorePrevalent on Thu, 11th Nov 2021 2:21 pm 

    My COVID CANCER Diagnosis

    https://www.youtube.com/watch?v=ozypofRKIiQ

    Interesting it just show up on my youtube page. I was scrolling down, and then here it was.

    Of course real human will not get skin cancer.

  35. IWasMeantToBeHere on Thu, 11th Nov 2021 2:36 pm 

    You were meant to be here
    ———————————-

    You see it’s all clear
    You were meant to be here
    From the beginning
    https://www.youtube.com/watch?v=hsJ9YXHqnr8

  36. SomeOfMyMusing on Thu, 11th Nov 2021 7:11 pm 

    I have decided to exterminate all the Jews from the face of the earth with skin cancer
    For example lets see how this will work energy wise and why it will mostly likely happen.

    Since I own this earth or earth energy reality, my thoughts contains more energy than an regular person.

    Lets say one regular person has a thoughts about exterminating all the Jews. Because he just a regular person his thought might contains 100Kwh of electromagnetic energy.

    Lets I have the same thought, but because I own earth, my thought contain more energy. Lets say I have a thought about exterminating all the Jews, this though might contains 10000000 Kwh of electromagnetic energy. My thought has so much energy that it contains enough electromagnetic energy to arises as particles that form events. See below.

    I think this is why my thoughts are able to modify the reality we see on the internet and earth.

    ————————————————
    Your thoughts and matter are electromagnetic energy. Because energy cannot be destroyed your thoughts continue to exist.

    The electromagnetic energy of a thought will transform, evolve and combine with similar energy on deep inner levels of consciousness. Once reaching sufficient intensity, this electromagnetic energy arises as particles that form events.

    Consciousness can be seen arising as matter in the Zero Point Field (ZPF).

    https://www.mindformsmatter.com/Does-consciousness-create-reality-how-do-my-thoughts-create-matter-reality/

  37. SomeOfMyThoughts on Thu, 11th Nov 2021 7:15 pm 

    It is time to clean up this messy earth creation. Some killing will be needed to bring back balance.

    I never ask for these powers, they were giving to me including a license to kill. I plan on using both

  38. ItWasJustAMatterOfTimeForThePaleRiderToRideIn on Thu, 11th Nov 2021 7:33 pm 

    We all knew it was just a matter of time before higher GOD’s appoint a pale rider to clean up earth mess. We will know really soon if I am powerful of it is just my ego. Google pale rider.

    https://www.youtube.com/watch?v=bdtx1nF-Ki0

  39. JustCompliments on Fri, 12th Nov 2021 7:41 am 

    I look at news I just have compliments to give away. It will take a little to make DNA modification to the Jews and animal so they get skin cancer. Obvious skin cancer will start on the face.

  40. JustCompliments on Fri, 12th Nov 2021 7:42 am 

    I look at news I just have compliments to give away. It will take a little while to make DNA modification to the Jews and animal so they get skin cancer. Obvious skin cancer will start on the face.

Leave a Reply

Your email address will not be published. Required fields are marked *