As renewables begin to dominate energy system they will exert strong deflationary force. Zero marginal cost: spend capital, get a stream of energy Hydrocabrons are inflationary. They have high marginal costs and are difficult to obtain over time as easier geology dries up.
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@DurhamFella Definitely a long-term thing — think 2050 when our electricity sector is predominantly renewables and 4 decades of capital investment and technology advancement is baked in. Abundant deflationary energy
@DukakisDude @DurhamFella Surely that depends on what advances are with storage?