> Reduced demand for oil reduces the quantity of oil extracted
That is not true. Reduced price leads to higher demand. This is economics 101.
> The price drops and hardware to extract oil stops being produced
Oil extraction costs differ vastly amongst countries, and there is a lot of potential for increased productivity and efficencies when the margins become lower - price pressure is a driver for innovation. And countries like Saudi Arabia and Russia have a very high incentive to keep extracting oil and sell it, because their economy relies on it.
Because there, you might have learned that the basic economic principles you describe as "economics 101" are the equivalent of the "spherical cow in a frictionless vacuum"-type examples you get in introductory physics classes.
In the real world, demand is affected by all kinds of things, and sometimes, a product or service is just no longer desired by the population. Do you think that if you were selling buggy whips for $0.05 each, you'd be able to make a profit on them today? Of course not, because people don't need them. You'd barely sell any, and those purely as a novelty.
While there's still a lot of work to do to make it fully possible, and certain political groups are actively working against it, the world at large recognizes that getting off of fossil fuels is an important goal. Demand for oil is going to continue to drop—maybe not monotonically, but overall—regardless of what the price of oil does.
People are way too worried about security imo. Statistically, no one is targeting you to be hacked. By the time you are important and valuable enough for your home equipment to be a target you would have hired someone else to manage this for you
I think this is very dangerous perspective. A lot of attacks on infra are automated, just try to expose a Windows XP machine to the internet for a day and see with how much malware you end up with. If you leave your security unchecked, you will end up attacked; not by someone targeting you specifically, but having all your data encrypted for ransom might still create a problem for you (even if the attacker doesn’t care about YOUR data specifically).
Once, when I was young and inexperienced, I left a server exposed to the Internet by accident (I accidentally exposed a user with username postgres, password postgres). In hours the machine had been hacked to run a botnet. Was I stupid? Yes. But I absolutely wasn't a high-profile enough person to "be a target" - clearly someone was just scanning IP addresses.
I would be that Openai and Google will find a way to boost the embedded ad in the llm result to you based on an auction on how valuable you and your query are
If you read the lord of the rings faster, you run out of lord or the rings sooner — there's no away around this. But if you eat faster, you can just eat more food. You can eat just as long, and end up feeling just as full. There is no need to eat slower to prolong the enjoyment of flavor.
Compared to all the other useless endeavors we send our brightest minds to work on (optimizing ad sales, high frequency trading, crypto) I'd say physics research has the highest chance of being useful
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