To be fair, prices are always set at the margin. If demand is 100GW, then it is the marginal cost of that 100th GW that sets the price. There is a partial exception to this. The UK has around 33GW of… (View Post)

You can't subsidise your way out of a supply shock. World energy supply has fallen. World energy demand needs to drop to match supply. That's what the price is: it's information that t… (View Post)

He just makes up shit. This is not new news. (View Post)

So you're saying AI is just like lawyers? (View Post)

The problem is that it is really hard to enact regime change by bombing alone. (View Post)