Editing Fossil fuel (section)

=== Efforts to combat fossilflation ===
[[Gernot Wagner]] argues that [[Commodity|commodities]] are undesirable energy sources because they are susceptible to [[Volatility (finance)|volatile]] price swings that technologies like renewable energy are not. He also argues that technologies improve and get relatively cheaper over time.<ref name="Vox20220812" /><ref name="HeatmapNews20240223" /> Coming out of the COVID-19 pandemic, some argued for the possibility of a [[base effect]] phenomenon due to cheaper than normal prices, such as for oil, at the onset of the pandemic, followed by above-average prices which exacerbated the perceived inflation.<ref>{{Cite journal |last1=Koester |first1=Gerrit |last2=Lis |first2=Eliza |last3=Nickel |first3=Christiane |date=2022 |title=Inflation Developments in the Euro Area Since the Onset of the Pandemic |url=https://www.intereconomics.eu/contents/year/2022/number/2/article/inflation-developments-in-the-euro-area-since-the-onset-of-the-pandemic.html |journal=Intereconomics |language=en |volume=2022 |issue=2 |pages=69–75}}</ref><ref>{{Cite journal |last1=Van Doorslaer |first1=Hielke |last2=Vermeiren |first2=Mattias |date=2021-09-03 |title=Pushing on a String: Monetary Policy, Growth Models and the Persistence of Low Inflation in Advanced Capitalism |url=https://www.tandfonline.com/doi/full/10.1080/13563467.2020.1858774 |journal=New Political Economy |language=en |volume=26 |issue=5 |pages=797–816 |doi=10.1080/13563467.2020.1858774 |issn=1356-3467 |s2cid=230588698}}</ref>