"Doomberg (00:05:50):

Because those are just solid or liquid manifestations of energy. We view the world energy first and we view currencies as overlaying energy transactions in a way that tries to make those transactions more efficient. Modern economics as taught in academia has it backwards. They view currencies as the dominant force and energy

inputs as reacting to those currencies when we believe it is the reverse. That is made plainly clear during times of energy shortages like we saw in Europe last winter heading into this year. For most of the time, for a lot of the time, the academic thinking around energy and currencies and international trade works quite well. It only

fails and breaks down when the true orientation of what matters most is made apparent because of course without energy you can't have life, without energy you can't have right angles, without energy you can't have order, and without order, you can't have a standard of living. When energy is short and it has to be rationed, then energy moves to its rightful place. It never leaves that place. It's just the mirage of it leaving that place happens when you have technological breakthroughs like we saw with horizontal drilling in the shale patch."