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spsgtn

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Agree. I recently learned that this is called "Bargaining Power of Suppliers" from 25iq.com blog by Tren Griffin. His post on MoviePass is superb.

This reminds me of the stem cell research boom and bust of the late 90s and 00s. It turns out that the new and shiny toy doesn't work for everything. However, it's not really a bust, as AI, similar to stem cells applications, will continue to do wonders where it is the best tool for the job.

Energy markets are a bit complicated. Wind energy has a localized value that depends on local supply and demand supported by the associated transmission line. In any case, the price of any energy resource is based on what technology is "on the margin", i.e. what is the cheapest form of energy available at a specific time to satisfy demand. It turns out that US natural gas prices are driving all the renewable energy economics due to their current historically low price. Arguably, oil prices have less of an influence on renewables than the cost of natural gas.