Comment by ericd
15 hours ago
That hasn’t really been true in the US in recent decades - efficiency improvements and deindustrialization were balancing increasing population. It’s recently started growing again because EVs, heat pumps, and DCs, but even a 3% increase in demand has caused a lot of growing pains.
We have a finite demand at a certain price point before running out of productive use cases.
Renewables lower the price, enabling use cases which fossil fuels were too expensive to support.
We are in for an incredibly interesting ride as we for the first time in generations lower the price floor for energy globally.