Moved to a blog
Oh, and the world is running out of everything
Substack is for subs and I’m not doing that. People I actually like have been using personal blogs on Wordpress for years,
»»» so I’ll be doing that instead. «««
This should be on the front page of all media outlets:
So say commodities traders at Goldman Sachs as they observe the effects of a wind that has stopped blowing.
Electrification of the world? Not under these conditions.
“This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it.”
This is what you would expect after peak oil. A “molecule crisis.” Decline of everything.
There’s even a description of the underlying effort to manage the crisis, of which covid is a part, in there (emphasis my own):
“Launching the idea of limited growth through a sustainable development mechanism (global control of the planet’s resources) is one attempt at such a solution.
This raises the main question: who will define the framework and parameters of sustainable development, new regulations?”
Who? Not you, my friend.
Not about climate, not about pandemics, not even really about the monetary system. Most fundamentally, it’s about the resource crisis which appears to be underway.
Source: Trading economics
Source: Reuters. (They’re not willingly trading oil for renewables, in spite of what the caption suggests. They’re not suicidal. Their hand has been forced.)