this post was submitted on 06 Jun 2024
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[–] [email protected] 2 points 2 months ago (1 children)

Which part is the death spiral?

No new oil reserves? Or the lack in investment in existing reserves? Or climate change impacting their dam infrastructure investments?

[–] [email protected] 1 points 2 months ago

3 nested death spirals. Or at least 2. Hydro should recover, at least temporarily, outside of El Nino.

The article doesn't waate time on talking about what the govt might be doing instead...to...you know... transition away from oil & ng over the next 25y. They certainly won't be slapping 100% tarrifs on super cheap Chinese EVs. Now even cheaper since they can't be dumped in Europe & NA.