Our world economy seems to depend on a single 40km wide bit of salt water not being used as a battlefield.
And people thought this is a good system...
Our world economy seems to depend on a single 40km wide bit of salt water not being used as a battlefield.
And people thought this is a good system...
Seeing quite a few smug posts about solar not being constrained by the current conflict around the strait of Hormuz. And while it's certainly the case if you already have your solar panels you don't have to worry about sun interruption (short of another Krakatoa 1883 scale volcanic event). If you don't yet have your solar panels, are you aware of the Strait of Malacca? It's a 900km Strait between the Malay peninsula and Indonesia. And it's the main route for ships from china to Europe. 1/n
Not starting a war turned out to be the good part of that system.
@quixoticgeek I doubt the word "thought" applies here.
Seriously, as well as snarkily; snark aside, it just grew without anyone thinking, in my best judgement.
But full snark for not thinking, also.
@djmatthews @quixoticgeek
Price elasticity of demand.
How much does the price of crude oil need to increase such that demand falls by 20%? I guess we're all finding out in real time
Corners and squeezes destroy markets.
Buy a solar panel for power in the new world economy.