Fungibility in energy means that one primary fuel can be chemically transformed into a molecular replica of another (natural gas → gasoline/diesel) OR the downstream engine can be redesigned to accept multiple fuel inputs, closing price arbitrages between fuels.
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Speaker
doombergEvidence Quote
“fungibility means that you can do the same work either by transforming one of the energy inputs into a molecular replica of the other or changing the engine”
Source
Doomberg: These "Big" Energy Solutions Will Power Tomorrow's Economy— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 9:56:34 PM
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