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by downrightmike
236 days ago
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Which is even more stupid, because more solar means they can sell more gas/oil to everyone else including gas starved Europe. City gas was actually the first industry that proved the more you make, the more people demand. If we make more power, we will use it. Then consider that AI datacenters as big as NYC will need as much power as possible. |
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A glut in supply drives prices down. Oil extraction and refining doesn't have constant costs, as it is heavily dependent on geography as well as the physical characteristics of oil itself.
This is why there was a 3 way gas price war between the US, Saudi Arabia, and Russia in the 2010s.