Energy Crisis Is ‘Revenge of Old Economy,’ Goldman Sachs Says

[@Nuganics]

Wow they actually put some on who understands supply and demand. I'm shocked.

[@brunomanco7529]

Most of the time its reporters interviewing other reporters

[@Simon-je7ko]

That's how you generate a report 😁

[@SSW9133]

Holy crap finally Bloomberg brings on a guest that actually knows they’re talking about and break it down in laymen terms

[@Simon-je7ko]

Just plain English for us mortals 😁

[@robb1324]

I would LOVE to see his tax returns to see how much money he receives from various lobbying organization. I'll bet $10,000 he takes more money from big oil than he receives from Goldman. I've been around the block enough to know a shill when I see one.

[@mischa1880]

He is just a talking head.

[@speculawyer]

WRONG. There's been plenty of investment in old energy. We just didn't expect Putin to become an imperialist war criminal.

[@dixonhill1108]

It's funny me and all my class mates were saying in 2014 that oil was gonna tank for 7 years, as that is the natural develop cycle for oil. Than it'd shoot up as under investment would cause a surge. It's pretty much exactly as predicted.

[@jordycorvers7465]

this reporter really badly wanted the hear how this was all about renewables.

[@manuelmanuel9815]

non sense

[@Marvin-dg8vj]

It is mostly. If reliance on highly unstable renewables like solar and wind had not been allowed to build up above 25% we wouldn't be in this position .These are long term government policy goals going back 20 years.

[@vincentmcnabb939]

And Brexit, of course.

[@thomaschippindale]

Well said, finally someone who points out the obvious!

[@johndallara3257]

Renewables does not power transportation, unless you want massive disruption and pain for those at the bottom.

[@AcmePotatoPackingPocatello]

Unionize Wal-Mart, HOME DEPOT, AMAZON

[@johndallara3257]

@@AcmePotatoPackingPocatello Unions will do little more than ensure more idiot Democrats get elected.

[@aaronvallejo8220]

@@johndallara3257 Electric transportation powered by renewably powered electricity.

[@johndallara3257]

@@aaronvallejo8220 Where is that again? Theory is not the answer after you displace all other options. We are not required to back our selves into a no retreat position. This is not the art of war, Sun Tzu.

[@aaronvallejo8220]

@@johndallara3257 Tesla can not make their ecosystem of products fast enough to meet the massive demand. So this transition to renewably powered electricity is happening everywhere.

[@fynflorentine2512]

Let this be a lesson: Nuclear is the only way

[@robb1324]

Whether it's coal, oil, natural gas, nuclear... The very concept of heating a liquid to physically spin turbines in order to create electricity is incredibly, incredibly primitive... just objectively speaking. Solar happens to the the one technology whose sole purpose isn't to heat liquid in order to spin turbines to generate electricity, however, I think we are missing hudreds and thousands of other methods because we as a species are still half-monkey cavemen that lack creativity.

[@whatsupbudbud]

@@robb1324 We still use chairs made of wood while we could be using magnetic levitation chairs. Take a guess why.

[@robb1324]

@@whatsupbudbud Big difference between sitting in something for your ass...and burning something, in order to heat a liquid, in order to create steam, in order for the steam to spin a wheel, in order to for the spinning wheel to generate electricity. The latter is much closer to a Rube Goldberg machine. An unoriginal one at that.

[@whatsupbudbud]

@@robb1324 whatever. It works and there is no contest regarding the simplicity or complexity of the process. Everything genius is simple.

[@robb1324]

@@whatsupbudbud Horse and buggies were simple too.

[@thomas316]

Jeff Currie seems to really know his stuff, great interview. I've seen 25 minute interviews that didn't summarise the prevailing issues as well.

[@shawnwalker782]

here, he speaks some truth. but if you know precious metals and silver he's been part of the cabal to suppress prices as our friends on wall street silver and countless analysts now tell us

[@lifesjustanillusion246]

@@shawnwalker782 couldn't agree more.hes the crook of precious metals

[@tbone5654]

​@@shawnwalker782 lmao. You conspiracy fools been spinning b.s and throwing away money for decades now. But a note on silver, will be selling all my oil stocks for over 100% gains in less than a year, will put the lot in silver/gold stocks. (was in metals from 2015-2020). Another easy triple in metal stocks over the next few years, then around 2024 after metals it record prices, things will fall off a cliff. $45 silver I'm 1/2 out. $55 silver I'm 100% out and looking for the next big trade. Learn to sector rotate or financially get killed.

[@shawnwalker782]

@@tbone5654 whatever. we'll see who is laughing at the end. or crying , and i think it will be you

[@tbone5654]

@@shawnwalker782 I've 2X-3X'd my capital 3 times before on silver stocks. Been doing this since the 90's. I'll do it again from 2022-2025. I'll send you a postcard when I liquidate.

[@method341]

Good to see guests back in the studio..... I'm sick of hearing crappy microphones

[@arturomendozag2308]

Finally facts and common sense intead of just ideology.

[@venkatpisipaty2045]

Absolutely love Jeff Currie

[@dialupdavid]

Can someone explain to me how under Trump we had gas at $1.50 a gallon, there was ample U.S. production, and high paying jobs in these fields? It's a known fact the U.S. sits on enough reserves through shale and fracking to last another ~100 years completely independently. That's more than enough to develop new battery technology and fuel alternatives to become mainstream. The infrastructure for the most part already exists for Hydrogen power to be easily swapped in without annihilating the Power Grid by everyone burning coal and LP at the generating stations to power their electric cars and create mountains of toxic waste and emissions from batteries. Sure seems like we're "Ridin with Biden" straight into 20 years ago.

[@gonnell64]

After a ten year bull market in faang I will be investing in the old economy.

[@johncorkery4924]

A logical explanation for what is happening to UK gasoline prices. In Canada our energy sector stopped searching for oil and gas in 2014 after energy prices collapsed. Things got so bad that prices went negative a year ago in an effort to move the surplus. Now that surplus has disappeared as has that part of the industry that’s supposed to go out and replenish the surplus. The exploration departments are greatly reduced or nonexistent in many energy companies. The drilling rigs, the service companies that supported them and the personnel that ran them have gone. This is going to make for interesting times.

[@redarbz6545]

Saudi Arabia can literally supply the whole world if they wanted to... Just remember this is an abundant resource not the opposite

[@johncorkery4924]

@@redarbz6545 The Saudis can theoretically supply the world by themselves but they’d be pumped dry in under a decade. They only possess 1/5th of the worlds’ conventional oil reserves. Logistically they can only produce 11 million bopd. The world is presently consumes (August 2021) 98.4 million bopd which leaves a large gap that has to be filled by other producers. Yes, oil is abundant commodity…as long as you’re willing to pay for it and price for this “abundant” commodity has more than doubled since November 2020.

[@jasonk3605]

@@johncorkery4924 Do you think oil could hit $200 one day?

[@johncorkery4924]

@@jasonk3605 I used to think not but a combination of a devalued dollar, scarcity of supply and an increased demand could lead to that situation.

[@garo52]

That reporter was thick headed...renewables is an inaccurate term...its called intermittent power ..and it requires alot of copper, nickel, plastic aluminum etc

[@Marvin-dg8vj]

And heavy CO2 emissions in production while needing ever larger non renewables back up

[@nathanielburbery4890]

This is ridiculous. China has been investing extensively in coal ("old economy"),and they are running out of coal, along with India, Lebanon, and Europe is put of gas... People make"bad returns" growing potatoes... This doesn't lead to a shortage of potatoes. It's a commodity. People are investing in fossil fuels plenty. This is pure BS

[@Matheusreisl]

Why we are not investing more in renewables? The problem is exactly that, we are investing to much in unstable energy sources that need fossil fuel back-ups when the sun is out or the wind is week.

[@markusass]

These media companies and presenters are in a green world of their own. They should get a proper job and see the cold harsh realities of the world.

[@tarheel181]

Can he please do a tour of DC and speak to Sleepy Joe, AOC, and Comrade Bernie? Thanks, chop chop!

[@אורגרין-ת7ק]

There Is No Shortage of Energy; There Is Shortage of Normalcy Despite increased production of energy from renewable sources, and despite the slowdown in car manufacturing, oil prices are skyrocketing. Even though fewer power plants still burn coal, coal prices are skyrocketing, as well. Natural gas prices, too, are going through the roof, and energy demand seems to outpace supply in every country and in every form of energy. Have Earth’s energy sources dwindled so drastically in a matter of months? The answer is a resounding “No!” There is no shortage of energy; there is a serious shortage of normalcy in human relations. I hope the current crisis will put some sense into humanity’s insane consumption. The energy crunch indicates that we are over consuming. We are producing too much, throwing the excess production to the trash, polluting the ground, the air, and the water, and then we are complaining that we do not have enough. It is about as sane as killing one’s parents and then pleading for the court’s mercy because I’ve recently been orphaned. It is time we reconsider everything we produce-how we divide production, profits, and goods, which services are necessary and which are redundant, and most importantly, how we treat one another. The goal of this process should be clear to everyone: survival. There is no ulterior motive, no attempt to dominate or deprive anyone of power or wealth. It is simply that reality is forcing us to take all of humanity and the entire planet into consideration. If we don’t, our entire civilization will collapse like a deck of cards. Since we still do not understand it and insist on running things the way we have always been running them-through power games-I anticipate a very cold and gloomy winter for the northern hemisphere. The energy crunch will leave many in dark and cold houses; there will be no gas for cars, and renewable energy will not replace traditional sources since there will be little sun during the winter. I hope that at least, it will make us rethink our values. If it doesn’t, next summer will be even worse than the awful summer that just ended. I know that many people are counting on the promise of renewable energy to solve the energy problems of humanity. I think they are mistaken. There is plenty of energy, far more than we really need. We could cut emissions by at least half tomorrow. But the more we have, the hungrier we become, so our thirst for energy will never be satiated, and we will never stop exploiting the planet or each other until we reeducate ourselves and start being humane toward each other. We have been behaving like spoiled brats whose parents buy them whatever they want. Now, our parents have run out of money and our childhood is over. It is time for us to mature and conduct ourselves like responsible adults, caring for all of humanity the way a mother cares for her entire family. If we think like a family, we will achieve normalcy.

[@miguelbreton6723]

This past 2 years Jeff has made investors lots of money!

[@sams8502]

This is why government can't mandate Green Technology, the Market will always dictate what wins and what loses. A transition from Fossil Fuels to Renewables is 100% dependent on price.

[@robert5507]

Dummy, the price of renewable tech has gone done dramatically. In fact, technology as a whole has seen price go down.

[@robb1324]

Does that mean you're for ending all federal subsidies for fossil fuels? They receive FAR MORE subsidies than any "green" technology.

[@simonescelsa]

@@robb1324 plain wrong, do 5min of research please and use your brain once in a while

[@robb1324]

@@simonescelsa I'm not going to waste my time proving overwhelming fact to you. Fossil fuel companies (being the welfare queens that they are 👑) get astronomical government handouts ALL throughout the western world. Look it up if you don't believe me (even though you're probably a black gold paid shill).

[@thetruesnert8212]

This is what happens when the fossil fuel industry is allowed to pump dirty, untaxed, recycled money into the political system. They literally take the handouts given to them by the tax paying public and line politicians pockets in an effort to prop up an unsustainable, archaic system. You want to talk about the "market"? Do you even understand how an actual free market works? Not only has the price of renewable energy plummeted, but the technology has gotten better at an exponential rate. Green, sustainable, renewable energy is the logical next step and there will be pain to get there. That pain will be caused by a population of well-off, too much is never enough robber barons, and it will be caused by force if necessary. Our current system of "free" market capitalism is failing, and the main reason it's failing is because it isn't actually free. It is controlled and manipulated by people that stopped caring about John Q. Public as soon as they started viewing us as units of profit to be loaded into a cattle car and butchered rather than a finite, tangible resource with real world value. The United States pays, at minimum, 10 times more on fossil fuel subsidies than it does on education, collectively. That alone should tell you how fucked up our priorities are.

[@ridzuanali1919]

Jeff Currie 🏆

[@GenXstacker]

Gold heading up🚀

[@myladhood4732]

Brilliant interview! 'Bloomberg' nailed what 'exactly' the thing is happening in the commodities market. 'Transitory' volatility wouild not be 'probably' considered seriously. But, the aftereffect of this 'fluctuation' definitely could smash not only the regional market but the global economy entirely. Monetary policy by Fed, conditions(after Covid-19 in terms of economy) & circumstance(low vaccination) of EM which easily could get hammered by that of policy change and energy price hiking. On top of this, crude oil & NG are the equations which are the most difficult to solve. The reason is it does not the level of economy, it is politics. Strikingly brilliant interview!

[@mikeskirk]

But jeff what you're saying is not something I understand or want to hear, so tell me how this buzz word people actually care about related to this issue.

[@gally.c]

so simply and smartly put. Makes sense for these commodities to revert to mean aka go higher

[@estefanello]

Is not the commodities decide to go up. We just realized that we need them. Policy makers chose pretty words but now we all pay the price for those baboons.

[@simonescelsa]

We need an energy transition: from centrally planned energy to free market energy. Consumers and business need to be able to decide if they want to pay for material intensive unreliable renewables.

[@goosty17]

free market energy is the key to robber barons showing up again. Smart idea! Love this intelligent thought process!

[@CatsRock11000]

@@goosty17 Nah central planning never works only creates hell, Also green energy as a whole is a scam if people were serious we would be building nuclear up the ass

[@AntonioFerreira-mx1er]

Finally someone telling something realistic

[@the8918]

Pump your cars with Bitcoins or Ethereum gas.

[@yubakrarai]

LOL

[@dragon.fromindia3235]

CRYPTO IS COLLAPSING THE ECONOMY IT'S TIME TO BUY GOLD

[@LordSmiththegod]

Yeah if ones has enough Bitcoin or eth they can buy a Tesla or a Mercedes or an Audi EQ jokes on you

[@the8918]

@@LordSmiththegod And where do you think the electricity is generated? At a power station using real world natural resources. Solar and Wind are not going to add to the grid in winter.

[@LordSmiththegod]

@@the8918 our winds fields still worked during the winter unless your in stupid Texas wind works just fine !

[@phildurre9492]

WE NEED TO BUILD MORE WINDMILLS lmao green movement… learn to know about nuclear reaktors

[@jasonk3605]

ESG, which Elon Musk calls a scam, brought us to this crisis.

[@RangaNayanajithSilva]

That's exactly one part of the real issue . Even once this 2008 Economic challenges hit the globe the provided solutions were not monitored productively . Handful of experts warned about todays threat that moment; but they were not being tabled. Not only energy crisis, we have to face with the Fresh Water shortage in the coming decade without any doubt . From nuclear waste management to O3 factor breathable air will be in a dangerous level. A complete extinction of a fauna and floral species will surely create food chain functions matter undoubtedly . Instead of these pointless war machinery development and useless spendings over military budgets we all have to think about creating at least livable neighborhood for our next generation . Selfishness will perish us ice coating with few bureaucrats' hypocrisy and greed unquenchable, without even a graveyard of six by three .

[@tyn6211]

I asked my US friend what it would cost him to drive a big truck in the UK for 3 months (since that's what the waiver is for). He said 10K/month, plus expenses. Good luck trying to find temporary drivers from the EU, when everyone is tight.

[@jaymcd8577]

Well summarised

[@MrWOLFPACK1974]

The new economy sucks and will not serve us well.

[@Charlie-ii5rr]

I've gotta admit that I'm having a hard time with this. 30% of China's GDP is about to disappear in a real estate bubble, a chip shortage is crippling their industries, they can't keep the lights on, and the country is being run by a half-mad tyrant who is cracking down on everything in sight. How does this translate into 7.8% growth?

[@stephenadams2397]

This guy understands.

[@freedomwatch3991]

Totally destroyed the interviewer. She didn't get the answer she was looking for.

[@PeterM1889]

You may hate Goldman but they do hire some smart people.

[@tbone5654]

Jeff Christian came from Goldman, that legend made my father stinking rich.

[@adeebihabibi]

He doesn't talk about how producers can't just flip a switch for more supply. This is how commodities super cycles get going. This will also drive up soft commodities like corn, SOYB, weat, etc. Cure for high prices..........?

[@michaelkolanis2032]

Very good insights and points.

[@maoozriaz6216]

`Absolutely Not` has got substantial fame.

[@learn905]

shortages only exist because of government regulations.

[@cortomaltese5038]

Very clearly explained.

[@wolfenstien13]

That made a lot of sense.

[@MizMite2002]

Canada’s Canaport LNG facility in New Brunswick is an import and regassification facility that could be repurposed to give Canadian LNG access to the UK market after Brexit. In 2016, Spain’s Repsol (which co-owns and operates the Canaport terminal with Irving) canceled a multibillion dollar plan7 to refit the facility for liquefaction and export

[@harmonsalmon7739]

The old economy is in transition and the new is in neutral, lol! while our spoke persons are talking goulash.

[@infidelheretic923]

We need to build more nuclear power plants. It’s carbon neutral, it’s statistically the safest, it works in any weather condition or time of day.

[@investing4everyonevideos303]

I guess green energy is just that.. a pipe dream..

[@cobrapatrol]

there is no transition.

[@jasondieser8939]

Hahahahah. Energy crisis. Climate crisis. Humans. We're hilarious.

[@interpol9871]

Goldman Sachs is gauing futures for energy market

[@ednan9]

Used to known as Goldman Sucks

[@JamesSmith-by3qy]

Still better than what happens to people who sell their soul to the Devil!

[@esurien]

Best energy to handle intermittent power is nuclear energy (low carbon, clean, constant). Dude should've mentioned that at least.

[@danielpawowski9965]

yeah, i was hoping hw would mention that but none, some naive comments about gas

[@MrZozue]

It takes a five year investment. Not so easy, but it is possible indeed

[@joebusa6620]

This problem has nothing to do with Brexit. Methinks that Jeff Currie won't be interviewed again anytime soon!!!

[@AcmePotatoPackingPocatello]

BREXIT is England speeding its decline

[@apekshasamyal]

But I dint understand as why ??

[@jorgegomez524]

Central bank interest rates manipulation to save the banksters and hedge funds ghouls

[@user-wr4yl7tx3w]

Is this a warning about ESG investing?

[@whatsupbudbud]

Sounds like it.

[@manoftheroad55]

Nothing about world overpopulation up 1/3 past 25 years. Finite oil ...QE endless since 2008 ...

[@nathanielburbery4890]

Or it's peak oil (not supply, but demand issue)

[@jasondieser8939]

Maybe everybody needs to have a little humility.

[@stephenryan2613]

Such a simple and logical argument that it’s almost too good an explanation to believe. But it’s a very good point…. So higher raw materials prices are a positive thing in one respect that it helps fuel (pun intended) the shift away from fossil fuels towards new technologies. And you can make money from both sides of the trade.

[@ne1273]

Let’s blame Brexit!!!! 😂🤣😂🤣

[@robb1324]

Nah, Biden!

[@robb1324]

Also Obama. Thanks Obama.

[@nosemellon]

Very interesting

[@krunalraghavani228]

Get out ur investment from china 🇨🇳 it's too risky with CCP

[@steelemedia]

Jeff makes interesting points about investment, but only touches on price of old energy at the end. Supply and demand are fundamental. Investment adds to supply but price is just as important.

[@keepingitsimple88]

Load up on uranium oil and gas stocks

[@pamuktanadam]

Adamsın Jeff Currie

[@royreyes8422]

this is how to position for a big win

[@jmsgrdner2379]

Old Economy = Main Street New Economy = Wall Street There. I fixed it for you Jeffrey. Now, go tell Jerome to print more natural gas and less dollars.

[@pedroteixeira6168]

LOL

[@Dawson-vy3zw]

All the infrastructure is built for gas and you want to raise prices to the consumer cause your not getting the same profits.

[@infidelheretic923]

There are usually strict laws against raising the prices of electricity and natural gas. Energy companies have near monopolies over their territories. So letting them set their own prices means they could in theory charge whatever they wanted.

[@Davitofrito]

He is just stating a fact that money goes where profit is highest. It not right or wrong but simply how the system operates. Renewables have received massive subsidies and pushed by government/media to attract investment. Even if the company is inefficient or fails to make profit, it will get the kind of rapid growth that makes investors salivate at the prospect of 'future prospects'. Amazon didn't make money for years but sold investors on future profits that eventually arrived however much of the demand for renewables is artificial. Now consumers like myself in the US are screwed because our government chose to actively work against oil/natural gas in favor of renewables that are no where near where they need to be. We have gone from energy independent to looking at 90$/barrel for oil. If oil hits 110 or 120, then you will see massive investment away from 'possible future profits in green' to very real profits now in oil & gas. That though is gonna cause a supply spike which will bring down prices and profits thus starting the whole thing over again.

[@dragon26ist]

Buy 🇨🇦 oil & natural gas products !!!

[@ashish0687]

Sensisble comment made by the guest besides conveying it very well ...

[@johnapples2018]

Their returns would be better if they weren’t taxed to DEATH! Stop acting like there was a fall in demand. There is much more oil and gas production now. You just want to justify price hikes.

[@Archonsx]

take your money and move to a more innovative place, simple as that.

[@johncorkery4924]

Production is up but exploration is way down. We’re getting to the point where we are starting to use more oil and gas than we can replenish. We simply haven’t been putting money into drilling or new production since 2014 and now it’s catching up to us.

[@thelaw3536]

@@johncorkery4924 Wouldn't that also be because there was a over production of oil on prior years?

[@johncorkery4924]

@@thelaw3536 Yes, you are correct. But that was yesterday and now that oil & gas surplus has been used up and we have to replace it. The demand hasn’t gone away.

[@HS-jq4go]

It’s good time to be old 🥸

[@robb1324]

While not really your fault personally... Still, thank you for the world you're going to be leaving us, it's so very much appreciated. Don't let the door hit you on the way out ,,|,,

[@MrZozue]

Maybe you will change your mind when you are so old you cannot wipe your own ass and nobody wants to help you because the economy is in shambles.

[@djmind2022]

The best solution for intermittent nature of solar and wind is Battery Storage and not Coal , gas, oil etc !!

[@george6977]

+ nuclear.

[@cashkitty3472]

Still keep pushing the bracket narrative when that's a load of cobblers

[@marcuscato3599]

Natural law, the revenge of the gods.

[@JamesSmith-by3qy]

Guyana just found a bunch of oil.

[@americanaforever6725]

Brilliant

[@godzillamothra5983]

More like goes out with a bang. This is probably the last time fossil fuel price wreak havoc on economy. EV, Solar, Wind and Nuclear energy are nearing maturity for market adoption in big scale.

[@muresandani]

You've been watching too many EV hype channels. The drop in wind energy production is partly to blame for the enormous energy price spikes in the UK. We've barely even begun transitioning to renewables and they've already failed us massively, the further and faster we go down the moronic route of relying on unreliable sources of energy the more it's going to hurt.

[@user-nd8ml1vg1q]

You're high. Tell me more about copper pricing in the new economy where the demand is 4x per car. Now retrofit the entire US fleet. What is the average road life of a used ICE? You're never going to get there without hurting a lot of people and extracting a ton of wealth from the lower and middle class. The physics of these fuels don't support over adoption of renewables.

[@godzillamothra5983]

@@muresandani they didn't fail in 2020, clearly the weather has something to do with it, and when we talk about weather, climate change come to mind, and when we talk about climate change, the evil fossil fuel come to mind. Beside, I'm not saying we just need to rely on one type of renewable energy.

[@muresandani]

@@godzillamothra5983 Trying to say it's somehow the fossil fuel industry's fault that the wind isn't blowing is probably the most ridiculous thing I've heard, if anything the fact that the earth is warming should make for stronger winds and storms. And combining unreliable sources doesn't make the end result reliable. In fact it means even less reliability if either one could fail and screw you over. Unless you build ridiculous amounts of redundancy which would cost enough to impoverish the working class but hey, who cares about that, wind turbine goes woooosh.

[@godzillamothra5983]

@@user-nd8ml1vg1q google the new BYD blade battery, its newest car the dolphin has the price that can compete with ICE. Besides, unlike americans, most countries in the world rely on public transportation.

[@cte4dota]

laughing in Russian.

[@jokatoinem]

URANIUM!!

[@cosmo3665]

Chris Marcus says hi…

[@brettw7153]

But, but, their must be a way to get TikTok "Butt" leggings made in China into the hands of chai latte & yoga influencers other than conventional transport?

[@AcmePotatoPackingPocatello]

Gas, diesel per gallon should be $ 5.50 at least

[@GaminHasard]

Do we believe this guy?

[@darthstarone3532]

🤔

[@CalCalCal6996]

So invest in energy storage for commodity independence? Or just listen to the guy who makes bank of trading petroleum...

[@simonescelsa]

I bet you are not an engineer or physicist and yet you talk about energy storage. Do you even know how a battery actually works and its enegy density?

[@thatguybill34]

*PLANDEMIC*

[@LordSmiththegod]

Bruh how you going to say gas is under invested ? But renewable is over invested ?

[@3deaster]

Battery 🔋 storage

[@aaronvallejo8220]

Great interview! Supply; demand; investment. All the more reason to invest in high insulation, high efficiency, solar heating, solar PV, electric heated floors and electric transportation.

[@whatsupbudbud]

Did we watch the same interview? Investment in renewables has been high for the past decade and still we are in this mess, whereas the "dirty" sector is undervalued. Buy high, sell low much?

[@aaronvallejo8220]

@@whatsupbudbud If you want to invest then invest. I will invest in transitioning my +100 year old house into a net energy exporter.

[@whatsupbudbud]

@@aaronvallejo8220 Your house has nothing to do with infrastructure-level power. In fact, having some power generation in one's house is cool in my opinion. What I'm talking about is investment and massive power that the modern economy needs. You can't get it via renewables, so it's a bad investment currently.

[@aaronvallejo8220]

@@whatsupbudbud When millions and millions of citizens renovate towards net zero or energy exporting homes to combat climate change that changes the need or the demand for infrastructure level power investment and global oil prices when paired with electric vehicles. Decentralized renewables is the future in my opinion and I work everyday to make that view a reality.

[@whatsupbudbud]

@@aaronvallejo8220 Like I said in my previous comment, it has nothing to do with power where it matters. It's a pipe dream.

[@LordSmiththegod]

I see a lot of slow people making fun of crypto or making pretty jokes crypto returns > s&p500

[@randalllederman7669]

Brilliant