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0 pointscogman106d ago0 comments

> this will probably make some people very rich

yes

> has the potential to be good for parts of the us energy sector.

No way this is good for anyone other than oil producers. The only potential positive it'll have on the US energy and shipping sectors is this is going to put even more pressure on adopting renewables as fossil fuel cost spikes.

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ambicapter6d ago

Well then that's good for the US renewable energy sector, no?

triceratops5d ago

Not always. Inflation often leads to higher interest rates. This puts a damper on financing for renewable energy projects.

seanmcdirmid6d ago

Or the Chinese renewable energy sector.

bigbadfeline6d ago

That's good only for inflation, nothing else. Renewables are included, after inflation and tariffs they won't become more attractive compared to carbohydrates.

nobodyandproud6d ago

No, because the US has fallen so far behind in just 10 years.

It’s not the knowledge and tech, but manufacturing-of and at-scale-use of renewables that matters here.

We can’t just-in-time install infrastructure a across the entire country in a matter of weeks or months.

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