Very informative video on oil and why you shouldn't invest in it.
As you can see on the chart below, bond yields and GDP are correlated to the net energy delivered to the economy. As net energy declines to zero, GDP will also keep declining. The reason is that it costs more and more to produce energy. We will need to have some sort of more efficient energy source like nuclear energy...
Interesting to note is that GDP is correlated to bond yields and they follow the orange line exactly.
The good part is that green energy has less CO2 emissions.
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