Quote:
Originally Posted by MattyC
I really believe this is an issue that should transcend the market demand. The market also demands high-end game machines, cell phones, hairless backs and no bald men, but what does any of that crap matter? What's this magical power we give it that says we just have to do what as the market does? We have the knowledge, we have the resources to this and other incredible things, but just don't. It's so frustrating. Let's pool some stuff together and get this done.
And this whole debacle is just proof that "the market" is not always the true market. They withhold supply to drive up price, they flood the market to drop price. The suppliers control the market, not "demand". Gold, diamonds, precious metals all the way down the list. The scarcity of these things is largely artificial.
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Demand controls the market now. The days of OPEC turning off an on pipes to control the market are gone. An explosion in production surpassed demand which caused a price fall until the economics of production no longer were valid, now they're starting to balance out again.
It's all numbers, and businesses and consumers will continue to use the economics that favour them until another method favours them.
Oil companies produce and sell oil for the same reason not everyone immediately bought a Tesla S. Their bottom line.
The move from coal to nuclear will greatly impact emissions too, where's the pressure to go nuclear?