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#508 - Nate Hagens - The World's Coming Energy Catastrophe
Modern Wisdom
Oil Is the Master Resource in the Global Economy
Oil is found where there were ancient oceans. America has used more oil in the last 50 years than any other country. A barrel of oil, which we pay a hundred dollars for, can displace four and a half years of yours or my physical labor. We're paying pennies on the dollar for this. All our economic system is doing is paying for the cost of extraction. Why are things going to have to change in future?
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