I’d agree but oil is absolutely next level to all of that. Entire countries are basically held hostage by energy supply which was never the case before. You could cut off trade and that’s the worst thing you could do but now you can fundamentally disable the entire country as oil is so fundamental to everything.
Oil was such a massive security mistake that we’re still collectively recovering from it.




























Totally and it’s a great illustration how diversification is crucial for any organized system. If we started to diversify earlier we not only would have more economic power now but avoided thounsands of conflicts as well.
Though a bit of optimisim here - seems like we learned this lesson and most countries are taking energy hedging very seriously these days. I don’t think we’ll ever have a new resource like oil again.