The BAB chat: Evolution or involution
This week, Armando, David and I talked about what Europe is going to do this winter and whether putting a floor under petrol prices in the U.S. to motivate more EV purchases is a wise idea.
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Thank you Irina, for these discussions. I'm new to your channel, but I enjoy the informative and balanced views. The speaker on the left (this is David?) states that there is no real energy crisis in the U.S. I've been following energy analyses on and off for a few years and prior to 2020 that was talk of peak shale oil in the States and peak crude globally. Analysts such as Simon Michaux, Alice J Friedemann and Gail Tverberg (and others such as Steve St Angelo and Louis Arnoux of the Hills Group) all estimated that to happen before Covid or the crises triggered by the Ukraine sanctions. So, from your perspective (if I may ask your view), would there not have been a global energy crisis anyway? To me it seems that events since 2020 have just multiplied the problems 10 fold.
The current energy transition: “It’s like moving to a new house without having a new house.” Awesome analogy!