this is a good read...oil tariffs and wars

by jeffc, Thursday, February 27, 2025, 09:01 (618 days ago) @ Little Guy
edited by jeffc, Thursday, February 27, 2025, 10:05

https://www.ctvnews.ca/calgary/article/economist-jeff-rubin-offers-a-map-of-the-new-normal/ https://www.youtube.com/watch?v=r0NwC8vSSeE

https://oilprice.com/Energy/Energy-General/5-Oil-Producing-Nations-Ask-To-Join-BRICS-Alliance.html

USA needs cheap oil it blows through 20 million barrels a day china 15 million barrels https://www.eia.gov/tools/faqs/faq.php?id=709 oil/energy an important element to the production and movement of goods https://www.worldometers.info/oil/
planet oil a great documentary https://www.bbc.co.uk/programmes/p048dpqp episode 2 how to overthrow government (eg https://foreignpolicy.com/2017/06/20/64-years-later-cia-finally-releases-details-of-iranian-coup-iran-tehran-oil/ )

Anyone remember Bush standing in front of made in america? https://www.c-span.org/clip/white-house-event/user-clip-bush-shopping-quote/4552776 https://thereitis.org/bush-pr-team-covers-china-stamp-with-made-in-usa/ etc.. https://www.c-span.org/clip/call-in/user-clip-addicted-to-oil/4484705
https://marinetraffic.com/

An interesting correlation is oil and debt - https://advisor.visualcapitalist.com/historical-oil-prices/ https://www.statista.com/chart/1505/americas-debt-ceiling-dilemma/

As oil is more difficult to get at now - need to pump it out with polymers, boil it with water, go way out at sea, and dig deeper for it - all which costs money.
Oil up inflation up interest rates up to cool inflation housing dies (a huge driver of GDP what is even made in america anymore?) can't print/borrow money due to inflationary factors can't sell bonds (inverse proportion to interest rates).

GDP=C+I+G+(X-m) real X grows an economy all else is debt really and debt without real ROI/value is merely bad debt cash in the empties for the bar tab created? Sustainable to keep dumping money into I and G to spur C (Housing)?
So, what we have now is a lotta government spending (big government) and big giant corporations (eg https://www.ft.com/content/36f838c0-53c5-11ea-a1ef-da1721a0541e ) plus big media giants owned by who?
Will they be able to get GDP to rise? stocks to rise? get at cheap oil to keep inflation down? print/borrow money and sell more bonds etc...
How will they keep the keep the economy going? smoke and mirrors black magic shows? ( ref where money comes from https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc )

who knows as the money shifts from government spending to private sector, will we just have more corporate bailouts and handouts now? corporate socialism https://en.wikipedia.org/wiki/Corporatocracy (I used to work for https://www.investopedia.com/terms/w/worldcom.asp during the Dot con era https://www.pbs.org/wgbh/pages/frontline/shows/dotcon/ https://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/ the stuff I saw as they hung government over a ledge using media might, good powerful lawyers and lobby groups - incredible. Big defense does that as well used to work for lockheed etc..).
Delicate balance it all is I suspect. Who's paying the bar tab?

Nature vs nurture who knows, this thing we call an economy is it really tied to anything now a days, where is the finite limits - oil/energy or https://en.wikipedia.org/wiki/Planetary_boundaries

https://www.psychologytoday.com/intl/blog/evolution-of-the-self/201210/greed-the-ultimate-addiction
https://www.psychologytoday.com/intl/blog/shame/201510/why-narcissism-greed-and-power-go-hand-in-hand
https://www.jurist.org/commentary/2019/01/fear-a-dictators-tool/
https://psychcentral.com/blog/the-ties-between-crime-and-malignant-narcissism#1
Just hope yah never run into one of these https://bigthink.com/neuropsych/dictator-psychology/ https://www.youtube.com/watch?v=qbFBOAmmu7Y

All human behavior it is... smoke and mirror black magic shows ( monkey business and whack-a-mole https://www.youtube.com/watch?v=IGQmdoK_ZfY )
planet doesn't give a damn what we do it will protect itself.

Simple is smart small is good again we need perhaps? who knows... time will tell.


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