I'm trying to get you to read Cyclonopedia, Gravity's Rainbow, and my own work.
Writer, concerned with energy & climate, communist. Also editor with New Harbinger books
Why America Started the War on Ukraine to Sell LNG (which will kill us)
https://thespouter.substack.com/p/frack-5-the-feeding-frenzy
Fracking guaranteed product, but not profit. Dry holes became obsolete. Every frack could yield gas, if not oil, too. Supply again became functionally unlimited, of oil and especially of gas. Risk-seeking money fled from the markets, the price collapsed. Material shortages may be avoidable forever. Limiting factors will be political. Russia has equally vast reserves—actually much more than the US, though at that scale it hardly matters. If markets were driven by pure supply and demand, gas would be cheaper than water, much cheaper in many places. But that price point is too low to support profits, given the capital cost of fracking and associated infrastructure. Higher prices are required “for the good of the industry,” as
There is a profound unity of intention and action between American businesses and the American state, especially when it comes to foreign policy. The two spheres share individuals who build careers by moving seamlessly from private to public service and back again, but that is just a symptom of an underlying conjunction of incentives. Often explicitly, the interests of American companies are the interests of the state. While maintaining a level of specificity necessary to be accurate, we should treat these two meta-human entities as two hands of the same being.
