11 August 2022

Energy Prices

As energy prices soar, likely people will look for alternatives. Predictable things that could emerge from such an event may include:

  • Demand for household generators goes up
  • People will try to commoditize their use of energy for the home as a crowdsourcing initiatives emerge to compete against big businesses
  • Demand for energy from big businesses will go down - supply vs demand will cause cheaper prices, but such prices will not be reflected in the market as the providers will stall via price caping and price fixing for maximization of returns, setting into action their monopoly. Since no one will want their energy, they will go out of business which will again lead to layoffs.
  • Can't create or destroy energy, you can only convert and conserve it into different forms
  • The govt will try to step in but will have very little effect as they work for organizations not for the interest of the public
  • People get inventive and form alternative energy sourcing systems for the home
  • New crowdfunding projects for energy will emerge to tackle energy prices as everyone will want to make a profit from it
  • People will protest against big businesses for energy prices, but this will have very little effect on deaf ears
  • Big businesses will use their lobby to hamper smaller business ventures for alternatives or try to buy them out