WHY SUBSIDY HAS BECOME INESCAPABLE
What happens when energy prices are at once too high for consumers to
afford, but too low for s
suppliers to earn a return on capital?
That’s the situation now with petroleum, but it’s likely to apply
across the gamut of energy supply as economic trends unfold. On the one
hand, prosperity has turned down, undermining what consumers can afford
to spend on energy. On the other, the real cost of energy – the trend energy cost of energy (ECoE) – continues to rise.
Read more: https://surplusenergyeconomics.wordpress.com/2019/03/14/148-where-now-for-energy/