37 - The Triumph of Broken Promises w/ Fritz Bartel
Spaßbremse
The Importance of Energy in the 1970s
In 1973, the price of oil goes up by four times. The USSR has a ton of oil and sees it as good for them to sell on global markets. It also creates a new imperial conundrum because their material self-interest is diametrically opposed to their allies. They have this now governing challenge of what do we do about this? How do we try to pursue our materials of interest while maintaining something of the interests of our allies? And they end up creating a rolling price system where the price slowly increases to match the world market.
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