No Solutions, Just Trade Offs: Doomberg on Worldwide Energy Challenges Molecules, Physics, and Platitudes
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 1 October 2022
⏱️ 27 minutes
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| 0:00.0 | If you have an adversary like Putin who hates you, who is a net energy exporter, it is |
| 0:05.7 | incumbent upon you to allow every molecule he's willing to sell to reach the market and |
| 0:09.9 | then to flood the market with your own so that you drive price down. |
| 0:12.9 | Oil sold from minus $37 a barrel at the peak of the COVID crisis, nobody was making any |
| 0:17.3 | money in the oil patch. |
| 0:18.4 | If our objective is to starve Putin's warm machine of cash, the only way to do it is to |
| 0:24.5 | flood the world with molecules, driving the price way down and crushing his revenue. |
| 0:31.5 | I'm Dylan Lewis and that's Dumburg's anonymous head writer. |
| 0:40.8 | Dumburg is a team of analysts and writers covering energy and economic trends. |
| 0:45.6 | The group is represented by a green cartoon chicken and their newsletter is substax number |
| 0:51.0 | one finance publication. |
| 0:53.7 | Motley Fool's senior analyst Nick Cypill caught up with Dumburg for a chat about the state |
| 0:58.0 | of Europe's energy crisis, nuclear's place in a decarbonized future and what the Nord |
| 1:03.4 | Stream pipeline attack means for the world. |
| 1:09.5 | One of the tag lines that you use very regularly is the term energy is life. |
| 1:13.7 | Can you explain to our listeners what you mean by that? |
| 1:15.7 | So energy is literally life in the sense that the human endeavor is a constant unrelenting |
| 1:22.0 | struggle against the forces of entropy and in order to beat back entropy and to impose |
| 1:26.8 | order on your local environment, you need to waste heat, you need to waste energy. |
| 1:31.6 | And your standard of living is quite literally measured by how much energy you get to waste. |
| 1:37.8 | And that sounds weird but it's sort of fundamental laws of physics, second law of thermodynamics. |
| 1:44.2 | And it's not often thought of in that way because for most of today's sort of intelligentsia, |
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