This chapter explores the rapid depletion and increasing extraction costs of source rock, shale oil. It also addresses the implications of relying on countries that are becoming less friendly to the West for a significant portion of the world's oil supply and the resulting higher energy prices.
Recorded October 31 2023
Description
In this Frankly, Nate expands on our conventional definition of “taxes” to highlight nine other categories that will ‘tax’ our modern lifestyles. Traditionally, when we think of net and gross income, we only think of direct government taxes that subtract from what we take home. What are other taxes - resulting from our system's ecology - which will factor into the way society can pay for the goods and services we’ve become used to? As converging global crises intensify and each add their own ‘tax’, can we learn to manage with a smaller “net “ resource balance sheet - and maintain our time, sanity, and humanity through the coming decades?
Watch on Youtube: https://youtu.be/27WBbdMcfmM
For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/48-the-biophysical-taxman-cometh