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Oil use is overestimated. Our perceived outlook on the importance of oil is completely distorted. Humans have a hard time looking both into the past, and also into the future. Unless someone has done extensive research on history of all eras, and had real conclusions on just how the world works, until someone has then used this same historical approach and applied it to the future, how then can one really have a bearing on where they stand in the scale of things. OIl is a revenue generator, l
Under certain conditions the economy becomes very wasteful, and this is a recipe for disaster. The public debt load is unsustainable under the current economic conditions. They are reasonable under real growth, but currently, the US is not under stable conditions. The largest Us global corps are falling deeply behind the rest of the world. Companies like Lockheed and Boeing are large employers in the arms trade. This is an extremely vulnerable industry. The oil and gas, coal and even natural
Oil is on an upward climb. I dont see this bull run easing. In my opinion, This industry only has so much life left in it, as we can all clearly see a carbon free future. With so little time, and still so much money to make, it makes more sense to drive up the price real high. This is beneficial on many levels, as it encourages green tec development, almost real time with each increase in price. Also, then the billions of dollars produced will and can help catapult society into a green era. It
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Creative macro analysis on a range of subjects.