Very industrious report, the energy you obviously put into this is impressive.
Those negative oil prices of covid happened in the presence of ubiquitous stimulus, about $10K dollars per month per person in the US.
The dollar value also went up during that time, not down.
A new kind of trader was apparent; ordinary folk using free money, trading via the Robinhood app.
They put free money towards everything they saw as valuable, including stocks in technically bankrupt companies still offering products and services they still knew and loved, companies including Hertz.
They were not interested in making profit because the money they were trading with was received for free.
Warren Buffet and other profit driven whale investors quit the markets claiming "Something had gone wrong with money".
With only free money traders remaining in markets, lawmakers changed the law, to allow the remaining trading in largely bankrupt company stocks and shares to continue, in order to preserve markets which otherwise would crash, if trading stopped.
They were not interested in oil, hence the reason its price went negative.
Throughout all of this, the dollar price itself went up in international markets.
So nothing had gone wrong with money, it was doing just fine.
With it, people were practicing the same kind of democracy enjoyed by those privileged with massive capital, pure fine-grained democracy. They could vote for whatever they liked with their free money, and they voted overwhelmingly against oil.
The free money and all trading with it was stopped in the end by those with the power to do so, as they had to, to retain their power.
The main argument cited, was that the free money had to stop, because it would "Run out", from finite supplies.
But a new product being added to the world capital base was being ignored; solar product, in the form of Joules pushed to us for free from the sun with no extraction effort needed, adding to the product already accounted for.
That product had been slowly ramping up, over the period of the previous ten years or so, and continues to do now as an exponential adoption curve.
Because it is effectively donated to us continuosly from an external source, the only way it can honestly and accurately be reflected by money, truly satisfying the ideal of Austrian economics, is by continuous issuance of money to all people.
Put simply, this breaks the deadly economic chain of all promises to pay being also promises to extract.
So there was a physical explanation for the reason why the dollar value did not drop, in spite of "Reckless" issuance, it was actually backed by nascent solar product, accumulated historically, continuing to ramp up.
The market price of the dollar was simply doing as we would expect, predicted by Austrian economics, all money issued must be backed by actual product, likewise it works both ways; all product must be backed by money, otherwise the money will devalue, since it is the product which is the real thing of value, not the money.
And now sure enough, with no stimulus issued, we are seeing the money devalue, all currencies.
Sooner or later, the issue of massive stimulus again has to come to pass, as the solar product continues to ramp up.
I don't dispute that the facts quoted in your report are true, I am sure they all are true.
Anyone can easily check mine are true also.
Added to yours, we see a very different outcome from the one seen only with your information.
The part played by economics is just as physically important as the actual physics. We might notice the flow of money transporting energy is just as real as any flow of electrons, or photons doing the same, Joules are transported from A to B in both cases.
The thing that has to change, is the minds of people, including minds like yours, it seems to me.
If the banks decided to acknowledge that massive free money issue had to start tomorrow, and continue indefinitely to finally fix inflation and the energy problem forever, what would you be spending your impressive time and energy doing after that?
I guess it wouldn't be as an environmental scientist, if there was no longer an environmental problem.
Personally I am really looking forward to the day when we can move onto some truly more exciting things to work on, when we will have the money, energy, and freedom to do that, all of us, not just a few.