It is frankly absurd to make a case with only one line mentioning
> owing to its abundant domestic energy supplies,
Energy is wealth. In so far as I can tell we have better data, going back further, and being more strongly correlated to outcomes of interests, than the data we have on monetary systems. I have my doubt the FT will ever dare to entertain that position.
Energy has an enormous cascading effect. But it pops up directly as well. ChatGPT could not run at 5x the base energy costs and no suppliers able to scale to more demand.
If you're looking to explain the US upward trends always include their shale output in your graph as well. You'll find you rarely need more explanations.
It has been blessed by their resources, an enormous size granting a low population density, and a functioning liberal state to use those well.
The rest is pandering and ideological pleas for less tax and less regulations.
And i mean... if you're going to pander, you're going to pander to the people with the cheapest energy.
> owing to its abundant domestic energy supplies,
Energy is wealth. In so far as I can tell we have better data, going back further, and being more strongly correlated to outcomes of interests, than the data we have on monetary systems. I have my doubt the FT will ever dare to entertain that position.
Energy has an enormous cascading effect. But it pops up directly as well. ChatGPT could not run at 5x the base energy costs and no suppliers able to scale to more demand.
If you're looking to explain the US upward trends always include their shale output in your graph as well. You'll find you rarely need more explanations.
It has been blessed by their resources, an enormous size granting a low population density, and a functioning liberal state to use those well.
The rest is pandering and ideological pleas for less tax and less regulations.
And i mean... if you're going to pander, you're going to pander to the people with the cheapest energy.