@BrianGoodner@TomKopen3 China already in commercial production now, 8 grams per panel less. But quantum computing, solar windows on all new buildings, medical & robotics will keep demand up
@LukeGromen Once China replaces most of the silver with Copper in solar panels (commercial production now) the copper usage goes up by another few hundred thousand tons per year. I'm not even sure it drops to much in this energy recession, because as we see now renewable energy will thrive
@ericwallerstein We are moving debt from the bank to the tax payer, so in the future the bank can take on more debt(QE) that the tax payer will have to pay off, whilst taking a massive hit on the on realized capital losses.
@bbc_bitcoin@LukeGromen I think its about $500 B-$1 trillion a year up to 2031 that comes due from long dated low interest bonds so even at Tbill rates you're talking 2-3% higher on the yield. Half a trillion dollars in total & thats without new borrowing.
@LukeGromen@CroHodl Start with the assumption they want to weaken the world economy to cause massive inflation abroad. Then add the Tbill $ stablecoin being made available to everyone on the planet with a phone. I believe China is trying to combat it with renewables, cheap loans & swap lines.
@LukeGromen@pineconemacro Luke, just because you care passionately about the United States, doesn't mean those wankers running the country do. We have the same problem in the U.K.
They don't care if you pay extra at the pump or can't afford to eat 3 meals a day.
@TheMichaelEvery All of these Gulf countries are just fronts for the USA. People need to stop thinking they even have a choice. If they do try independent thinking, like selling oil in RMB look what happens Saudi, Iran, Venezuela no more oil. Brazil is next just wait & see.
@RealToddChapman@chrismartenson They are trying to destroy the world economy via energy shortages (which is basically all of China's customers) & then hope to rebuild before China does. All whilst taking over the America's to be self sufficient. Its the only logical reason I can come up with.
@philippilk With an extra $2 billion a month profit on refined fuel exports why wouldn't it. First ban exports to push the price up & then raise the quota once crack spreads have quadrupled, sounds to me like they may have planned for this. Who'd of thought having a plan pays off?
@BrettErickson28 Why do people think the Democrats will stop the war. When has that ever happened? There is no way a country who has planned for 40 yrs would miss that simple fact. I think just like Russia & China they are simply trying to slowly bleed us dry & survive long enough to see it.
@aeberman12 Its not lack of product its lack of profit, they are capped at what price they can sell & barred from exporting @ high prices. So increased oil prices mean they are losing money. Due to electrification they are also retrofiting to produce petrochemicals in the future