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RWH044: How To Beat The Market w/ Bryan Lawrence
We Study Billionaires - The Investor’s Podcast Network
The Impact of Gasoline and Diesel on Society
Gasoline and diesel, termed as fossil fuels, have significantly impacted society due to their unparalleled energy density. These fuels have sustained our civilization for centuries, offering energy efficiency that is unmatched at room temperature. The only substances coming close in energy density are uranium and plutonium, which require containment vessels and are not viable for widespread use like gasoline. Despite being labeled as fossil fuels, they could also be seen as miracle fuels for their transformative impact. The influence of gasoline and diesel, along with coal in the past, on society's standard of living is profound. Even comparing the quality of life between Cicero in the first century BC and George Washington in the 18th century, with over a millennium between them, reveals minimal advancements in GDP per capita. This is despite technological innovations like wooden ships, compasses, and gunpowder, underlining the significance of fossil fuels in fueling economic progress and societal advancement.
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