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There is a village in north east India (forgot the name) where rats overbreed every time there is a bamboo outgrowth, these black rats breed so fast it is like a chain reaction. They eat all the bamboo and start invading human villages and eat human food harvests and cause famine and kill humans. The rats also die soon after.

Peak cheap energy is like that for humans. We breed like these rats when there is cheap energy and then die out as soon as energy is expensive

People think oil price will go up. But it's the other way around. Wage growth will slow, until people can't afford anything made with oil.

See Pakistan w.r.t Pakistan Rupee oil is unaffordable so even food is unaffordable.

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Discussion

Theodore John Kaczynski 2y ago

Think nuclear fission reactors will help? No.

We have to build 1031 nuclear reactors per year for 45 years

* 439 nuclear reactors exist on Earth which generate 2796 TWh. So that is an average 6.3690205011 TWh per nuclear reactor

* Oil + Coal + Gas + Firewood generate 147872 TWh

* So we need 147872 / 6.3690205011 = 23217 nuclear reactors.

* And in the next 45 years the world will consume twice the energy it consumes today.

* So in 45 years the world needs: 46434 nuclear reactors

* That means the world has to build:1031 nuclear reactors per year.

* Currently the world is building:55 nuclear reactors

* It takes 10 years to build an average nuclear reactor like the 439 that exist today.

* That means we have to start 10,000 new nuclear reactor projects today to meet the target.

Theodore John Kaczynski 2y ago

People think oil price will go up. But it's the other way around wage growth will slow, until people can't afford anything made with oil

Without affordable oil, the next cheapest thing isn't wood or coal, I think it is human slaves. So slavery will be reinvented. Especially in places with more humans.

Theodore John Kaczynski 2y ago

Fiat money distorts the true price of energy, Bitcoin reveals the true price of energy.

When Bitcoin price in USD goes up often what you are seeing is the true price of energy go up that is hidden from USD