So me and Hora are the only two men left on the planet.
Sperm, for obvious reasons has become rather valuable. There’s a very high demand for it because the ladies love the salty taste, and there’s a limited supply. Hora can after all, only produce about a litre a day and I’m restricted to three gallons a day after my mountain biking accident.
It doesn’t cost us any more to produce it, but we can charge a lot for it. Because people will pay.
One day Hora suffers a terrible and unfortunate auto erotic asphyxiation death and I am now the only man left. I keep producing at the same rate and it certainly costs me nothing extra, but I can now charge four times the price.
Is that a reasonable summation of the energy market?