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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (6011)3/12/2009 2:10:22 PM
From: Brumar89  Read Replies (2) | Respond to of 86355
 
Commodities are priced by supply and demand working in a largely free market. As for costs, technological innovation and economies of scale work in all industries including traditional energy industries. But cost improvements resulting from future technological innovations are matter of conjecture and not assured. While that (cost reduction) is the likely trend of technological innovation (even in oil and coal), the extent and duration of such trends is unknown. Accordingly its mistaken to simply assume that technology will necessarily make economical tomorrow what isn't today.



To: RetiredNow who wrote (6011)3/12/2009 2:13:40 PM
From: Road Walker  Read Replies (1) | Respond to of 86355
 
My conclusion is that they work for oil and coal companies and are use to the way commodities are priced, which doesn't really follow the tech model that well. Different worlds and they are about to collide.

Yeah they are essentially typewriter manufacturers (vintage 1985). And they are saying "Jeez nobody will be able to afford a PC, we'll be in business forever".


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