Comment to Ngaio’s post on Role of energy cost in inflation
[ 8/June/22 ]
The energy our civilisation uses mostly comes from fossil fuels and is equivalent to each of us having about 200 slaves working for us (but these are mechanical engines etc).
As the cost of oil goes up, so does the cost of everything else.
The really huge issue is that the people with most of the money are making vast profits from the oil, and really do not want people have free access to distributed solar energy. Particularly not when the cost of solar is getting down towards 2c / kWHr.
Transition is going to be hard, not because it needs to be, but because there is so much profit to be made by making it so.
Ted Howard NZ's Blog 