> Moreover, these high commodity prices are a temporary phenomenon. “What goes up must come down”. Gas prices, oil prices and commodity prices will fall again and will shrink the resources available to the Russian government and make a protracted conventional war impossible.
That's kind of a weak argument imho. Artifical shortage (sanctions), uncertainty (war), and peak oil (someday) don't seem unlikely to raise the oil price continuously.
It's against my intuition that a switch to renewable energy will compensate for that.
What's the reasoning behind „What goes up must come down”?
That's kind of a weak argument imho. Artifical shortage (sanctions), uncertainty (war), and peak oil (someday) don't seem unlikely to raise the oil price continuously.
It's against my intuition that a switch to renewable energy will compensate for that.
What's the reasoning behind „What goes up must come down”?