This article explores the hidden connection between oil shortages, economic instability, and rising global conflicts.
We live in a conflict-filled world today. I believe that this is ultimately a “not-enough-to-go-around” problem. Hidden oil shortages are the problem. Strangely, at this stage in the economic cycle, oil shortages seem to appear as high interest rates rather than high prices. The “climate is our biggest problem” narrative gets told repeatedly because it makes cutting back on fossil fuels sound like a virtuous thing, rather than something we are being forced to do.
Because of the use of very inexpensive coal and low-cost labor, the shift would allow for the world production of manufactured goods to grow at very low cost. Businesses in the US and Europe could hopefully take advantage of this shift because US and European oil and coal supplies were becoming depleted, making it impossible to make this change without the assistance of coal supplies from China and elsewhere.
Energy Crisis Global Conflict Interest Rates Economic Instability Climate Change Renewable Energy Fossil Fuels Finite Resources Geopolitics
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