
MacroVoices #340 Dr. Anas Alhajji: Erik has the Energy Crisis story all wrong. It’s WORSE than he thinks!
Macro Voices
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The Best Investment Is to Keep Oil in the Ground
There is not a single evidence that this happened. So there were disagreements between secretary kissenger and the sadis. And the c i a was involved, or they made a pack to price oil in dar until to day, it's a myth. No one vasically showed any proof, even kissenger, in his memoirs and all the biographies and thi staff, there is nothing. But my explanation to that is the following. When all prices quadrupled in 19 74, after the embargo and after the production cat those countries were awash with money, all dollars. The inflation was very high. Real interest rate was very low. There was no incentive for the soud
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