The good news is be it Russia or the Middle East, unlike the 1970s energy crisis, today, thanks to shale oil fracking in the Midwest we’re now the world’s #1 petro-producer — extracting more than 13 million barrels oil per day, enough to moderate energy inflation shocks in 2025. Wh...
Just like dreaming of that fantasy, a white Christmas, people drawn into the spider’s web of deception and distraction believe the time to show goodwill to all and beam sweetly as they exchange Merry Christmas at the once a year visit to Midnight Mass will suddenly clear the streets of th...
Grapple them to thy soul with hoops of steel. Hamlet (1601) act 1, sc. 3, l. 62 (Oxford Standard Authors ed.) Costly thy habit as thy purse can buy,But not expressed in fancy; rich, not gaudy;For the apparel oft proclaims the man. Hamlet (1601) act 1, sc. 3, l. 70 (...
Clearly, there has been some demand destruction, and perhaps this was enough to cause the price of gasoline to come back down a little. But maybe it wasn’t. Maybe this demand destruction wasn’t the cause of the decline in gasoline prices. Maybe they fell f...
renewable energy is not a solution to our problems. I mentioned earlier that adding China to the World Trade Organization in 2001 temporarily helped solve world energy problems, with its ramp up of coal production after joining (note bulge in coal consumption after 2001 in Figure 5). In compar...
In a real crisis, people will sell their gold and try to buy wheat and fuel - poof goes the value of gold. Anybody who thinks a real (Western Roman Empire, 3rd or 5th century AD style) collapse is coming, should not buy any currency, but only real value (canned food, seeds, guns...
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