By Ankit Shah – Vivek Kaul’s Inner Circle (India)-Open to page 139 of Bill Bonner’s Hormegeddon: How Too Much Of A Good Thing Leads To Disaster and go straight to this sub-heading – The History of Energy and Progress.
It’s one of my favourite portions of the book. (Of course, I would strongly urge you to read this masterpiece from cover to cover. I guarantee you it will completely change the way you think about man, money, and economics.)Bill takes you back in time on a deeply insightful journey into the relationship between energy and human progress.
Available, useful, effective energy is always in limited supply. All human progress comes as a result of using it effectively.In short, energy is wealth. It takes energy to turn clay into bricks and to lay them up into an apartment building. The apartment building is real wealth. But that wealth—the product of so much energy—can also be reduced to a pile of dust. Energy is the key variable in the equation. It all depends on what you do with it.
Energy being the fundamental force that drives all economic activity, it’s the focus theme of this week’s Inner Circle issue…I am going to take you along on a journey through the changing dynamics of crude oil, the future of the global energy industry, and what it means for India.