If you want to understand the foundation and implications of the ENERGY CLIFF, this interview with Jesse Day at Commodity Culture helps Connect-The-Dots. Unfortunately, most individuals and investors still do not understand how much the world will change in a relatively short period of time.
I really enjoyed my chat with Jesse Day and planned to do another update towards the end of the year to see how things unfolded.
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Great to see you on camera Steve!
Good interview Steve, I enjoyed that. Jesse is very good with his questioning.
Jim Rickards has also done an interview, on USAWatchdog. I thought it was excellent. Jim certainly knows his stuff but then I am bias because I have read most of his books.
In reading Jim’s books, I can say, ENERGY does not appear to be that important in his hypothesizing, just an accepted fact. That’s the way most people treat energy, it is taken for granted.
Knowing Jim has banned you (Steve) from his Twitter account, maybe he is embarrassed from missing the most important aspect of our economy.
NO ENERGY, NO ECONOMY.
KEEP IT SIMPLE STUPID, “KISS”.
Seems odd that Rickards would block Steve just because of a focus on energy as the economy’s lowest common denominator.
Great summary, thanks
http://staatsstreich.at/we-are-burning-five-for-every-barrel-oil-we-find-zitat-d-tages.html
Great interview Steve, succinct, extremely well informed, and objective. It’s very hard to find people who understand the EROI concept, which is one of the things that I enjoy about your analyses and observations.
The only other commentator on the fundamental issues facing society and the human race, whom I follow, is Gail Tverberg, writing in her “Our Finite World” publication.
Most people have no idea how dependent we are on cheap hydrocarbons for our energy and the First World lifestyle that enables.
Steve, Excellent !! Really enjoyed the interview. You pack a lot of info into a short timeframe.
Great interview,
Reading the 147 commenters below the YouTube interview were very positive. Some said it was one of Mr. Day’s best interviews. So congratulations and you’re a handsome guy and present yourself well. So there.
I’m behind on posts; just listened to this. It’s excellent; both of you with the questions and replies.
However, like you stated, certain topics could be discussed for a much longer period of time, without any wasted words or time.
Steve UNMASKED.
😂
That was a good interview. I enjoyed when you pointed out that even going electrical isn’t going to replace our dependence on oil to fly everywhere, move goods around in cargo ships using bunker fuel, and transport in general. I would also add that the Haber-Bosch process, whereby natural gas (CH4) is burned to make ammonia (NH3) fertilizers from the nitrogen (N2) in air can’t be replaced by wind and solar either. It’s been estimated that half the people on earth are alive right now due to the Haber-Bosch process. How many billion people are we going to comfortably feed with less methane, but instead relying upon animal and human manure as fertilizer?
Thank you for mentioning the Haber-Bosch process [also in another comment]. I was ignorant of that.
With a very small organic garden and no source of composted manure, I’ve done very well with buried leaves, dried grass clippings, other vegetation waste, and hardwood ashes. But this is a small garden.
I suggest you graph the accumulated federal deficit, the M2 money supply, and all commercial bank assets together from the fred.stlouisfed.org website. I believe you will see that bank loans (assets) create bank deposits (M2) and the deposit accounts are replenished by federal government spending (deficit). Since there are no accurate explanations of the FED system, inferences are the best I can do. The FED money system must inflate to continue so we can expect interesting times when fossil fuel depletion starts physically limiting supply.