Economics

“It seems to me that all the manipulations of debt levels and interest rates by central banks are ultimately aimed at maneuvering oil prices into a range that is acceptable to both producers of crude oil and purchasers of crude oil, including the various end products made possible through the use of crude oil.”

“It seems to me that all the manipulations of debt levels and interest rates by central banks are ultimately aimed at maneuvering oil prices into a range that is acceptable to both producers of crude oil and purchasers of crude oil, including the various end products made possible through the use of crude oil.”

https://ourfiniteworld.com/2024/09/11/crude-oil-extraction-may-be-well-past-peak/

Complexity explorer. Residing in the liminal.

Wouldn’t this be approximately true if oil and its derivative products (including energy) is critical to many layers of the economy?

Yes, that's my understanding. Our modern economy is essentially the transformation of energy into goods and services. No energy, no modern economy.

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster