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Yes of course, just like your own drilling costs you money - the point is to increase supply of fuel from sources that won't hold you to ransom when selling them.
You do not need to increase supply of fuel by 50% in order to half the prices.
Yes of course, just like your own drilling costs you money - the point is to increase supply of fuel from sources that won't hold you to ransom when selling them.
You do not need to increase supply of fuel by 50% in order to half the prices.
I vaguely remember supply and demand curves from 'O' level economics at school, and they were curved (hence the name), but I forget the slope. The relationship is not linear though, as you suggest.
Owning an energy source sitting in your own back returning more profit than the cost of extraction is more economic than buying energy from your next door neighbour though. The UK had a wild 200 year party on the back of its vast energy reserves, but that party is drawing to a close.
What is needed is a renewable energy generator that converts the rising average global temperature into electricity, rather like a gigangtic refrigerator.
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