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.
Introduction: When a major change occurs, such as moving…Looming Oil Shortages Could Fuel Global Conflicts
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