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Ep 83  |  Doomberg

Doomberg: “Our Fragile Energy Economy”

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TGS83 Doomberg The Great Simplification

Show Summary

On this episode, Nate is joined by Doomberg – the anonymous energy/finance analyst team (visually presenting as a talking chicken icon) who uses an energy lens to analyze global trends in the economy, with so far some remarkable accuracy. In this wide ranging discussion, Doomberg and Nate cover the interactions between geopolitics, debt, climate policy, and – of course – energy. How have the narratives created around different types of energy – from renewables to nuclear – affected current policy making around the world? Will the increasingly precarious state of the global debt and monetary system shift the geopolitical landscape? How have increasing global tensions combined with a rise in green energy policy affected nations’ desire for energy security – and what does it mean for future policy as we enter a period of decreasing energy availability?

About Doomberg

In May of 2021, Doomberg was started by a team of professionals experienced in heavy industry, private equity, and the hard sciences to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack. Doomberg covers topics from energy, finance, to the economy at large, in an attempt to improve society’s thinking and clarity to complex problems.

In French, we have a motto that says that a simple drawing is often better than a long explanation. Jean-Marc Jancovici Carbone 4 President

That’s very understandable because with left atmosphere thinking, one of the problems is that you see everything as a series of problems that must have solutions. Iain McGilchrist Neuroscientist and Philosopher

We can’t have hundreds and hundreds of real relationships that are healthy because that requires time and effort and full attention and awareness of being in real relationship and conversation with the other human. Nate Hagens Director of ISEOF

This is the crux of the whole problem. Individual parts of nature are more valuable than the biocomplexity of nature. Thomas Crowther Founder Restor

Show Notes & Links to Learn More

00:00 – Doomberg Substack

02:53 – Era of energy abundance

05:16 – We need energy for everything in the economy

07:16 – Ukraine/Russia/NATO Situation

08:20 – How European energy policy led to energy vulnerability 

10:33 – Russia has 22% of oil exports and 24% of natural gas exports that are available for purchase (Analysis by ISEOF)

14:40 – Risk of a hot war with China

16:10 – Winter of 23/24 projections in Europe – El Niño

19:33 – Renewables cannot support our current growing 19TW economy

20:52 – Cheat Codes

21:00 – Ontario Green Energy Act and recent move to nuclear 

24:41 – Climate Change concern is a privilege of the rich

26:30 – Jevons Paradox

28:17 – Entropy

29:03 – Malthus

35:40 – Degrowth

38:41 – Streisand Effect

39:41 – Peak OilCurrently estimated at Nov. 2018

39:45 – Permian basin

40:17 – Exxon claim to double extraction ability from Permian

40:43 – Limitations on current Fracking access

42:37 – Fischer-Tropsch and LNG

43:47 – EROINate’s Frankly on EROI

44:16 – EROI for nuclear 

44:32 – Small Modular Reactor

44:51 – Industrial Grade Steam emits more carbon than our passenger vehicle and aviation emissions

46:08 – 20% of our current energy is electric

47:08 – Hydrogen Combustion Engine

59:09 – Likelihood of a meltdown with new nuclear technology

54:10 – NRDC nuclear plant requirements to automatically shut off in absence of humans

54:35 – Earth heals from radiation

55:33 – Canada Nuclear expansion 50 years ago

58:02 – Debt Jubilee

58:42 – US Dollar Hegemony

59:02 – US federal expenditures towards interest payment is greater than the budget of the Department of Defense

59:51 – Debanking

1:01:19 – Weimar Republic

1:03:21 – US produces 90% of its own energy

1:04:40 – Got Milk?

1:09:32 – Central Bank Digital Currencies

1:10:15 – The End of Money

1:14:40 – Wealthiest counties in the country surround Washington DC

1:15:12 – Luke Gromen

1:17:55 – The sum of flared US natural gas and exports to LNG facilities each year, is the equivalent to the coal we burn each year

1:18:58 – A full EV has enough rare earth metals for ~30 hybrids

1:25:00 – Volkswagen Ontario Plant

1:27:17 – Ecological destruction

1:38:25 – Hikaru Nakamura

More: https://www.ceicdata.com/en/indicator/india/oil-consumption

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