They do. What you actually want is high prices for consumers and low prices for those doing extraction. That’s the idea behind a carbon tax or sabotage aimed at the oil and gas midstream.
So you’re saying high prices lead to increased useage over low prices and low prices lead to increased useage over high prices at the same time? Does this mean average prices lead to decreased oil useage?
Usage has increased no matter the price for decades. Using pure price mechanisms to globally cut fossil fuel use means splitting consumer prices from wellhead prices.
Useage has increased, but for your first comment to make any sense the war’s effect on prices must have caused an increase over and beyond a world in which it didn’t happen.
I don’t think the war has any impact on fossil fuel consumption. It changes who turns a profit and where we are in the industry boom and bust cycle, with modest consumption increases happening whether or not it happens
Surely, by that logic low prices would also drive demand and increased useage?
They do. What you actually want is high prices for consumers and low prices for those doing extraction. That’s the idea behind a carbon tax or sabotage aimed at the oil and gas midstream.
So you’re saying high prices lead to increased useage over low prices and low prices lead to increased useage over high prices at the same time? Does this mean average prices lead to decreased oil useage?
Usage has increased no matter the price for decades. Using pure price mechanisms to globally cut fossil fuel use means splitting consumer prices from wellhead prices.
Useage has increased, but for your first comment to make any sense the war’s effect on prices must have caused an increase over and beyond a world in which it didn’t happen.
I don’t think the war has any impact on fossil fuel consumption. It changes who turns a profit and where we are in the industry boom and bust cycle, with modest consumption increases happening whether or not it happens