Musk might not be a purist about renewables, but I do think he is a purist about making money for himself.
My first thought was maybe he has an interest for his space broomsticks, but the Falcon runs on kerosene & Merlin on methane, so I don’t have any insights for you. ![]()
…so you’re saying it’s costing Elon too much to fill up the tanks of his rockets so he wants increase domestic production of oil and gas.
I’m saying that was my first thought but on further review I don’t think his rocket fuel has anything to do with oil or gas, so it’s probably something else.
Getting people on the internet to say “wow” is a way to make money. It could be that. Or it could just be he likes to share his opinion. If you’re good at the internet, it’s hard to tell which is which.
good point. Elon Musk is good at making money and also good at the internet (which probably helps him make more money).
Absolutely. I’ve thought of that many times in the last couple weeks.
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What is the distinction between thankful and grateful?
I’ll give him the benefit of the doubt and say he’s just saying something that makes sense to him, if he isn’t religiously attached to renewables.
Of course, “we” here can be just profit seeking private firms acting without any gov’t push. US firms probably have leases and equipment ready to drill and frack, all they need is high enough prices to make it profitable. I expect that fracked wells have short productive lives so this doesn’t change much about the long term energy picture. So Musk’s opinion isn’t really relevant about those decisions.
I saw a headline today that said a recent survey said 72% of Americans say inflation is caused by “greedy corporations just increasing prices to increase profits”.
I tried Google and didn’t find that headline. Do you remember where it was?
I saw this referenced in one article: Nonfinancial Corporate Business: Profits After Tax (without IVA and CCAdj) (NFCPATAX) | FRED | St. Louis Fed
Profits of non-financial firms averaged about $1 trillion per year from 2012 through 2019. They dipped for a couple quarters in the pandemic, but recovered and are now about $1.7 trillion (annualized).
This one says 63% of all Americans but a majority of each segment when split by political stripe.
51% of R’s, 62% of I’s and 76% of D’s.
I’m surprised they’re that low, considering the percentage of Americans who have studied even Basic Economics.
Thanks. That led me to the study: https://www.filesforprogress.org/decks/2022/2/dfp_groundwork_inflation_message_test_feb22_deck.pdf
Interesting results, not what I would have expected.
I’m not sure that a “web panel” is the gold standard for polling, but I also don’t think there really is a gold standard anymore.




