https://paulkrugman.substack.com/p/in-batteries-we-trust
"The war goes on, and so does the global energy crisis. In fact, I believe that
prices of oil futures remain too low given how much spot prices will need to
rise to resolve the shortages that will hit once oil supplies that were shipped
before the Strait of Hormuz was closed are exhausted.
But a better future is coming, despite Donald Trump’s assault on renewable
energy as he tries to drag us back into the fossil fuel past. Regardless of
Trump’s chest-thumping, America is not the world. We account for only 15
percent of global energy consumption, compared with China’s 28 percent. And the
rest of the world is moving rapidly to renewables, thanks to a technological
revolution in solar power, wind power, and, less visibly, batteries.
So let me take an optimism break and talk about why batteries may save the
world."
Via Kevin O'Brien and Janet Logan.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
