I'd argue that the decreased usage of oil has -to some degree- already started, e.g. Chinas crude imports have dropped the last two years in a row and yet they're still adding ever more EVs at a spectacular rate. There's practically no way but down for those numbers. It's mostly similar for the EU, though they're not as aggressive re EVs.

With PV being the absolutely cheapest form to get energy in most regions of the world already or soon-ish (and even highly useful electric energy at that), I fully expect our capital machines to pour ever more resources into its deployment. This will go on until we have plastered some percentage of the earths surface with PV, there's fundamentally no real constraint to doing so.

Along the way, over the next 10-30 years we will have replaced most major fossil burning things - the only way you will be able to compete with PV power is if you're sitting right on top of a gas field in a location with little sunlight and no grid connection.

Incidentally, with ever-falling battery storage costs, I'd assume the need for large interconnect buildout to be diminishing, but there's lots of inertia in that system so societies might end up with some underused assets. Still better than all the stranded assets I suppose, but still.

There‘s also the Awa Maru:

https://en.wikipedia.org/wiki/MV_Awa_Maru

I, too, started parsing this as RL=real life and that’s why I found the headline interesting

One weekend Russia attacks Russia, next weekend Twitter attacks Twitter.

Don't forget when Reddit attacked Reddit two weeks ago.

The entire world now living the "hurt itself in its confusion" meme.

Only the bits living on Twitter or Reddit though. Or in Russia I guess.

It is kinda funny if you consider these companies might consider their user data to be useful, especially with recent advances in LLM models. I've been thinking if you just exclude Reddit posts from training youll probably achieve much lower bullshit scores, as that seems to be what most posts on there seem to represent. I think data curation (by sources) could achieve quite a bit.

Everyone else is going to do the same.

They're only holding out because they still believe the Fed will cut rates and they can borrow some more cheap money to keep the gravytrain going.

Spez trying to kill reddit for short term gain is nothing new.

I really dont understand how the "investors" who will end up holding the bag after the IPO dont see that.

I don't have a problem with any of the three.

We're also during the France attacks France weekend, and Twitter self-immolating certainly doesn't help with staying in touch with things down there.

unlike what others have said, Twitter was very useful during the saturday mutiny in Russia. I follow a lot of people who supplied updates and thoughts.

France is attacking France.

Haha I was looking for this one!

I’d assume that hedging buy prices or long term buy contracts are not the same as gambling.

But wouldn’t it be better if the volume at least is shown on open exchanges?

> wouldn’t it be better if the volume at least is shown on open exchanges?

Empirically, no. Large blocks of stock don’t have a liquid market. Forcing them into the open means chopping it into tiny pieces while using derivatives to hedge, for the sophisticated, and getting hosed, for the unsophisticated.

Isn’t that argument somewhat strange or dishonest? To paraphrase you: I‘d rather have naked shorting and the associated manipulation and problems with it than better price discovery for stockholders. In your example, the stockholder isn’t protected either, only an equity firm derives profit from this information. In a more ideal world the stockholders themselves would do this due diligence, which is something that already happens. Also there’s differences between shorting and naked shorting. I could well imagine allowing fully hedged shorting and outlawing naked shorting. Especially considering the issue of fail to deliver, that’s just absurd with our technology.

> could well imagine allowing fully hedged shorting and outlawing naked shorting

Many markets (e.g. Australia and Switzerland) do this. We have the comparative data to show it doesn’t do anything good while increasing volatility.

And here I was, reading the headline and thinking this would be an article about the EU, sanctions and Russian gas.

So let's pick this apart:

- "The authoritarian infrastructure will be built"

I'd argue it already has been built, by Google, NSA et al. Also, I fail to see why these "high levels of government regulation" would be bad, since we've tried the alternative and it obviously doesn't work..

- "The Green New Deal has turned into a jobs program."

I'm no american, but has this been put into law already?

- "the Soviet Union was immensely energy inefficient and polluting"

I do hear that from time to time but no one can provide any sources for this claim. Can you? Not planning on protecting the ol' USSR, but still seems insincere to just throw this around without attribution.

- "Increasing middle class prosperity is inherently incompatible with reducing carbon output."

That's a pretty flat statement. Why would this be so?

- "the Global Climate Strike platform categorically rejects market mechanisms to address climate change."

We tried this, it hasn't worked (so far). Why should we continue with this measure instead of other approaches?

- "Carbon capture and cheap nuclear power"

both of which do not exist. See my comment about LCOE and the link below for cheap nuclear power. With regards to carbon capture, we have some pilot plants but this technology (or rather mix of technologies) is nowhere near ready for the massive scale of deployment we'd need already. That's why the focus is on political solutions imo.