Just Stop Oil !? Part 2 - Oil is the Economy | Frankly #39
The Great Simplification with Nate Hagens
00:00
The Role of Oil in the Global Economy
We use 100 billion barrel of oil equivalents of coal oil natural gas per year, which roughly is around 450 billion human worker equivalents. The average American has 40 devices plugged in 24 seven in their houses drawing down energy. We are surrounded by machines and we don't even think about that because they're all powered by pretty cheap energy. I suspect that heterodox economists in the future will look back and say that this addition of more energy every year actually explains much of solo's residual.
Transcript
Play full episode
