“The thing I think most people are missing in regards to hydrocarbons is that money IS energy. It’s a representation of work done. In a fiat world where you can print without producing it spells disaster. I think Jeff Snider would agree that this isn’t an energy surplus, rather an economic decline initiated by the way the “representation of work” system is running, and given a healthy economy with a pleasantly curved trajectory we would most certainly be short hydrocarbons.
An abundance of hydrocarbons in a recession can’t be bad, but it’s not necessarily good when money is the reason for the recession.”
D Phi! via Apple Podcasts ·
United States of America ·
01/08/24