• MrMakabar@slrpnk.net
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    13 days ago

    The big costs comes from building the infrastructure for fossil fuels. So as soon as demand falls, you have a huge part of the bill has been paid already. So you get low fossil fuel prices. You need to keep in mind that most large oil producers are state owned. Therefore those states will try to shut down other suppliers production.

    You can see that already with sanctions against Russia and Iran to keep US oil producers going strong.