This sudden energy crisis is absolutely fascinating. I've still not seen a good analysis.
It would be interesting if anyone can come up with the "single event" that precipitated the whole crisis.
Remember Richard Feynman's explanantion for the Challenger disaster? That's what I'm looking for. I'm looking for a Richard Feynman who can show in one simple graph how this energy crisis seemed to have happened overnight.
I
have an idea and will post it later but it will be posted deep in the
blog so I have the time/date stamp for bragging rights, but I want to
bury it so I don't have to put up with a lot of push back from readers
before some time has passed to see how this has played out.
The answer will be in two graphs -- technically four graphs but only two are needed, but I had to expand those two to make it clear.
Some hints:
- the answer is not "under investment" in fossil fuel production;
- the cause of the crisis is not related to supply chain issues;
- to some extent the cause might be geopolitical but that's only part of it;
- some will argue the cause was all about renewable energy, it was not, but there is a connection;
- the explanation is incredibly simple; because it is so simple, the explanation will result in a lot of push back; it's human nature not to accept a simple explanation for something that seems complicated (see the Fehnman link above);
- but again, the challenge is to find the "one thing" that precipitated the current energy crisis
