The Cost of Peak Oil

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We run out of the capacity to produce oil with existing technology, he says. We could easily produce 80 million barrels a day at a much higher price or 60 million barrels aday at a much, much intermediate price, but to produce $100 million a day at $60 is unlikely,. So there's a cost to society that increases over time. "Peak oil has never been about running out of oil. It's been running out of enough affordable oil at scale to continue economic growth"

On this episode, Nate is joined by Doomberg - the anonymous energy/finance analyst team (visually presenting as a talking chicken icon) who uses an energy lens to analyze global trends in the economy, with so far some remarkable accuracy. In this wide ranging discussion, Doomberg and Nate cover the interactions between geopolitics, debt, climate policy, and - of course - energy. How have the narratives created around different types of energy - from renewables to nuclear - affected current policy making around the world? Will the increasingly precarious state of the global debt and monetary system shift the geopolitical landscape? How have increasing global tensions combined with a rise in green energy policy affected nations’ desire for energy security - and what does it mean for future policy as we enter a period of decreasing energy availability?

About Doomberg

In May of 2021, Doomberg was started by a team of professionals experienced in heavy industry, private equity, and the hard sciences to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack. Doomberg covers topics from energy, finance, to the economy at large, in an attempt to improve society's thinking and clarity to complex problems.

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https://youtu.be/pYkmJOhWtSU

Show Notes & More Info

https://www.thegreatsimplification.com/episode/83-doomberg