It Is Taking More Energy to Produce Energy "Energy prices are another huge driver of inflation. History is clear that it is not just about cheap prices, but the return on energy invested. The more energy it takes to produce more energy— whether that’s hydrocarbons, solar, or whatever— the less return there is on energy invested.
"And like reduced profits, that means there is less energy leftover to grow.
"But not only are we having to drill deeper and explore harder to find new sources of energy. The investment to do so has been choked out by governments and environmental fanatics who demonize the entire industry," Simon Black, Sovereign, 24 January 2023.
https://www.sovereignman.com/trends/they-finally-figured-out-how-to-lower-inflation-145346/