Extending on point 2: if we want to talk about a price drop, then we need to think about relative elasticity of supply vs demand—i.e. how sensitive is demand to price, and how sensitive is supply to price. Just thinking about the supply side is not enough: it could be that price drops a lot, but then demand just shoots up until some new supply constraint becomes binding and price goes back up.
(Also, I would be surprised if supercomputers and AI are actually the energy consumers which matter most for pricing. Air conditioning in South America, Africa, India, and Indonesia seems likely to be a much bigger factor, just off the top of my head, and there’s probably other really big use-cases that I’m not thinking of right at the moment.)
Extending on point 2: if we want to talk about a price drop, then we need to think about relative elasticity of supply vs demand—i.e. how sensitive is demand to price, and how sensitive is supply to price. Just thinking about the supply side is not enough: it could be that price drops a lot, but then demand just shoots up until some new supply constraint becomes binding and price goes back up.
(Also, I would be surprised if supercomputers and AI are actually the energy consumers which matter most for pricing. Air conditioning in South America, Africa, India, and Indonesia seems likely to be a much bigger factor, just off the top of my head, and there’s probably other really big use-cases that I’m not thinking of right at the moment.)