C8 wrote:AdamB wrote: Nothing else needed to change for more expensive projects to begin to come online. It is why the maxim "the cure for high oil prices is high oil prices" works.
Not true- if ideologically motivated climate alarmists control the govt. then they can shut down new field development in lands/waters they control.
This is true. And the resulting high prices then cause two effects rather than one. The first being other projects activating as IRR improves with the new higher prices, and the other is the political backlash against the idiot politicians who get blamed for them. You have an example right here on this forum, and this is exactly the attack profile Vtsnowedin uses against Biden. Biden didn't even do anything that caused high prices other than talk about his enthusiasm for renewables, but gets hammered for it anyway.
So yes, your scenario has its own self leveling function built in, and again, because of the consequences that artificial supply constraints cause.
C8 wrote:This may come as a shock to you but, historically, governments have taken complete control over markets- its called Socialism. Since you have admitted elsewhere that you don't (or can't) read- then find YouTube video about the Great Leap Forward- over 40 million died from Mao's theories.
Oh, I read. I'm not much for bobble heads doing the interpreting for me with BoobTube videos. And yes, I know what socialism is, and while America leans socialist, it sure ain't that yet.
C8 wrote:
Many of the people who favor shutting down fossil fuels are gaining power everywhere. Motivated by fears of global warming Armageddon they will push every limit. The US has, by far, the biggest military in the world and can easily reduce world trade.
True. And none of this changes the market dynamics of how oil prices work. And I've got news for your fantasy land ideas C8, "favoring" something has nothing to do with effective action towards a solution. We've been "favoring" combating climate change for how many decades?
Here is a chart showing how well we've done for all to see.
C8 wrote:You might actually want to read history some day- longs trends continue- and then totally stop. It happens all the time.
I read history regularly, admittedly not generally social and political commentary. I'm a science type, and feel free to elaborate on the trend I just referenced when it stops. What with artsy fartsy types FAVORING change and all.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"