MishTalk TV With the Head Energy Trader at Price Futures Group
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16 Comments
Newest
2 years ago
I always look forward to a new episode of Mish TV
2 years ago
Fishers of Men
link to thefarside.com
2 years ago
Good interview. Im sounding like a broken record on this but we have had relatively stable energy for the last 40 years or so. That has ended and this is only the start of basically the world meeting the boundaries of energy production.
We really dont have any sound policy of moving forward other than to cease energy exploration and basically rely on existing energy infrastructure which is baffling and supposedly of climate change. Not sure how EV solves the problem other than moving it from oil vehicles to do you want a coal, natural gas or uranium EV? And thats not even getting into the problem of EV production and its resulting commodity & pollution issues.
The US shooting itself in the head with sanctions that it basically placed on itself also magnifies the energy situation and the current leadership insists on doubling down, doubling down and doubling down on stupidity.
2 years ago
Interesting article here.
link to morningporridge.com
2 years ago
Money will find a way to make energy happen. That is why it is called America.
2 years ago
That’s an obvious fallacy because it would mean we (or any country) could print it’s way to prosperity / energy independence.
2 years ago
Said another way, If there is money to be made, energy will be found.
2 years ago
“Money will find a way to make energy happen. That is why it is called America.”
Not when The Fed and government, has ensured that the only ones with any money in America, are clinically retarded idiots. So almost unfathomably stupid, that they even believe fungus in the walls of decaying shacks, is somehow creating wealth.
The sheer level of rank stupidity required to fall for that one, pretty much guarantees no solution to anything whatsoever, will come from that crowd.
Or do you reckon the theoretical potential for dishrags to “make money” by “inventing” cold fusion, makes it likely that dishrags will “solve our energy problems” as well?
2 years ago
It is easier to turn gold into straw, than to turn straw into gold.
I agree with you in that the Real Estate lady who sells a sows ear calling it a silk purse has not added wealth, and no amount of fungus in the walls will change that.
We are entering a deflationary cycle and turning money into whatever is needed will become easier. Oil will find a way out of the ground.
There is tons of coal available for energy too, and clean technologies will be implemented to use this resource.
2 years ago
Most of this was predicted decades ago (50s) by the Hubbert curve that suggest peak oil would hit sometime between 2010-2020.
The world got a brief reprieve with Covid in 2019 and 2020 but now things are going to get worse going forwards which will mean greater world wide political instability / wars over limited resources unless a transition to renewable happens way faster than it’s going (2 decades is going to be a really long time and it’s doubtful we will get even half way there in 2 decades).
2 years ago
“Not sure how EV solves the problem other than moving it from oil vehicles to do you want a coal,……”
Thanks!
Never actually thought of it that way, but BEVs most lasting impact, may end up being that they provide a means for people to more easily and efficiently power their cars with coal. Instead of being dependent on the quicker dwindling supplies of oil and gas.
2 years ago
Silly. The answer is thermonuclear automobiles of course.
2 years ago
A few minutes with Phil Flynn is always worth the time. Biden, one of America’s greatest political hacks of the past century, hitched his political wagon to an energetic small group of elected “progressive” political activists. Those activists (and their sycophants) rescued Biden’s broken down presidential campaign on the road leading into South Carolina, but for an expensive price — America’s energy independence. Future historians will look back at Biden’s presidency and conclude en masse this energy policy was the single most important reason for Biden’s failed presidency. (I will allow myself the opportunity to change this statement on future historians, if indeed, there is proof “the big guy” received 10%.)
2 years ago
We’ll know if he got 10% by looking at his family net worth before/after he leave office. Obama’s net worth skyrocketed from upper middle class (he needed a unique way to finance his 1st run by getting millions of people to donate) to being able to buy in Martha’s Vineyard. You don’t get there on 400K a year salary as president.
My guess is Biden’s net worth will increase by ~1 billion or so over 4 years.
2 years ago
There is “family net worth” and there is visible net worth.
2 years ago
Swapping Rubles
Eurointelligence Podcast describes exactly what I did yesterday
link to eurointelligence.com