Hacker News new | ask | show | jobs
by jahewson 1033 days ago
The price of oil is held artificially high by OPEC so on that front at least I think we’re ok.
2 comments

"Artificially high" by a factor of maybe 3. We need to look at how to get to a factor of 100 or 1000.

Oil is much, much more valuable in the long term as a material commodity, not a fuel commodity. This can be realized if we bring down the price of power, which is happening, albeit in only part of the globe.

Not high enough. It needs to be extremely expensive for everyone.