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Doomberg: "Our Fragile Energy Economy"
The Great Simplification with Nate Hagens
The Importance of Energy in Modern Economics
On Wall Street, they view a dollar of energy inputs as a dollar worth of crayons or vitamins. But we need energy for everything else in the global supply chain and global economy. And so when energy is short and it has to be rationed, then energy moves to the two - right for place. It's just the mirage of it leaving that place. The academic thinking around energy and currencies and international trade works quite well but only breaks down when you have technological breakthroughs like we saw with horizontal drilling in Shell patch.
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