Is Inflation Just A Proxy For Energy?

Рет қаралды 15,396

Жыл бұрын

Check out more of Art's research at www.artberman.com
Live original date: Oct 6th, 2022
Topics- OPEC+, Energy Prices, Global Economy, WW3

Пікірлер: 99

@WSmith_1984 Жыл бұрын

George you're correct...... the supply side matches the dollars in existence, starting from the lowest common denominator engery.

@Capitanvolume Жыл бұрын

The economy is energy. Energy is the ability to transform the environment. So is any good or service.

@stevehall9256 Жыл бұрын

Inflation is always created by promiscuous money printing. Debt monetization. Energy is secondary

@kerwinbrown4180 Жыл бұрын

Supply of money vs demand for that money. Inflation is caused when supply grows faster than demand does even if demand shrinks faster than supply. The federal reserve can mandate banks keep money in reserve to shrink supply but the bank reserve is 0%.

@normal_norm2627 Жыл бұрын

Good question. I'd say in 2022, price inflation is a fairly good proxy for energy. In 1980s, I don't think so. The way price inflation is calculated has changed

@braindamaged1700 Жыл бұрын

Refineries are the shortage not oil currently. Gas & fuel is up because we’re not making enough by design of the Fed gov.

@davidkea1607 Жыл бұрын

Oil drives productivity. Less productivity means less stuff to buy independent of money supply, contributing to inflation. Both money supply and the price of oil are main factors that contribute to inflation.

@robryan751 Жыл бұрын

Everything is shipped and delivered and that can only happen with oil. I myself am not an economist but if it cost more to ship and deliver, who pays? Consumer, no? If not, who will pay the extra cost?

@alexs.9192 Жыл бұрын

Nuclear energy is like travelling by plane. Sure, you have 1 in 10 million chances to die but most of the time nothing happens. And you also can't really do without it.

@AllNighterHeider Жыл бұрын

Thanks George and rebel crew

@bjornlandia892 Жыл бұрын

I didn't hear anything about the most important energy sources in the world and it's the number 1 human energy sources... Food.

@stlouisix3 Жыл бұрын

These are always amazing lessons, George👍🏻👍🏻👍🏻

@stlouisix3 Жыл бұрын

Art Berman is very intelligent

@joeblues2000 Жыл бұрын

Food is Energy 🤯

@barakav3483 Жыл бұрын

Theoretically you can use nuclear power to capture carbon and create diesel… It is not very efficient but humanity might find a way to do so efficiently, even by creating food for photosynthetic bacteria using the Haber-Bosch process. I think that with some creativity humanity could use clean electric power to create fuel.

@paintballthieupwns Жыл бұрын

They do it already to make DME - and with molten salt reactors the heat can be used directly in the process saving conversion losses

@barakav3483 Жыл бұрын

@@paintballthieupwns Thanks! I just searched for some research and I have a lot to read, do you know if anyone tried to calculate the price per joule that can be produced in this process? I wonder if it can compete with regular diesel... Entalphy calculations aren't very useful in this case :/

@barakav3483 Жыл бұрын

@Penderyn Ye, but you wouldn't want to divert farmland and fresh water that are in short supply to energy production. Bacteria can literally do anything with almost nothing, give it some ammonia and some ions and phosphorus which is what you'll find in regular soil, and it will produce an infinite amount of fuel from the air, even in salt water. It might not even need refills in some case. And it is easier to genetically engineer E-coli or yeasts and to improve the process in them than it is to do the same with plants. I just read some research about it and It seems to me that the process is not efficient enough yet to be scaled properly, but I saw articles that imply that there are companies that are using directed evolution to improve it all the time, like the process that is used right now to improve plastic degrading enzymes (which funnily enough are doing the exact reverse process of creating hydro-carbons). I am reading some studies about DME and IMHO it won't replace diesel because it is a gas at room temperature. Transporting and using a flammable gas as a fuel is a pain, and it's energy density is half of that of diesel, so you'll need huge fuel tanks.

@james6401 Жыл бұрын

Interesting stuff, didn't the German army try to run engines on coal during WWII? I have some vague idea they made some kind of liquid out of it...

@77FINNBEAR Жыл бұрын

Hey George. Have you looked into the carbon credit system?

@paintballthieupwns Жыл бұрын

About nuclear - it can be use to make fuel directly like with DME - dimethyl either. DME can in most cases be used as a replacement for diesel/kero. Not faulting ypur guest as you have to follow the nuclear space to have heard of this.

@hi-if7lj Жыл бұрын

Countries that don't have oil have to then find dollars to buy oil. This is what keeps the US dollar so valuable. Oil is bought and sold in dollars.

@schyllic Жыл бұрын

The lesson that energy acquired by a country is correlated to its potential work performed is a critical truth everyone would benefit from understanding.

@AusValue Жыл бұрын

Can you make a seperate channel just for short clips? Seems a bit spammy to keep posting short clips from a video that was already done. Not sure what other viewers think

@rustyshackleford6637 Жыл бұрын

I think it's very penile of you

@jaygunter3828 Жыл бұрын

I think its great, perhaps he feels these are some of the key points to hear.

@thereignofthezero225 Жыл бұрын

I agree. Down with Art Boringman!

@jonathanedwardgibson Жыл бұрын

There is utility in topics to share with clips. I despise the shorts.

@mental4macro Жыл бұрын

Thats wut i said!! Rebel shorts 4 win

@judithrussmorris5310 Жыл бұрын

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022

@sampsontom6892 Жыл бұрын

How do you do that?

@MrDeathray117 Жыл бұрын

Nuclear energy could make electric transportation practically feasible, and I think art overlooks that, however he's right. Nuclear energy isn't a panacea, although it may be a step in the right direction for first world countries

@johnseth8728 Жыл бұрын

What do you do with the waste?

@jsmythib Жыл бұрын

@@johnseth8728 First, stop using nuclear fuel based on our strategic architecture(bombs). All of our nuke plants are 40+ year old garbage.

@kerwinbrown4180 Жыл бұрын

@@johnseth8728 There has been progress with dealing with the waste so I am not sure how dangerous it is now.

@paintballthieupwns Жыл бұрын

@@johnseth8728 - the waste is not a real problem especially when new designs burn the fuel completely instead of most current designs only burning around 15% of the fuel in the pellet before they have to be pulled due to xenon gss pressure building up inside

@s.d.crockett486 Жыл бұрын

Because fiat is pegged to oil when it went off the gold standard

@Savage_Thinker Жыл бұрын

Sure looks that way to me since Feb of 2022

@Repomex01 Жыл бұрын

All these people still think supply and demand is a real factor in this system,,,, look deeper George.. remember usd comes from ?

@yagmurcimen8418 Жыл бұрын

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

@RosePainter Жыл бұрын

Very helpful! Thank you!

@kevinkelly1875 Жыл бұрын

This was outstanding

@macromillennial3707 Жыл бұрын

Short answer, yes….

@macromillennial3707 Жыл бұрын

Now gotta watch the video

@standingmannequin7911 Жыл бұрын

So this is what being played like a fiddle feels like. Are we now the product and energy in a digital convergence panopticon?

@ironhed515 2 ай бұрын

His whole argument was backwards. He's reversing cause and effect. His response when George pushed back was an incoherent ramble that had nothing, literally nothing to do with what George said.

@ronwilliams9884 Жыл бұрын

Energy allows mankind greatly increase efficiency and provide a surplus ie; wealth. And the inverse….

@kosmonautofficial296 Жыл бұрын

Interesting discussion!

@uglahhmane Жыл бұрын

No.... Art is way off on this, that being said with veey much respect... See my comment on the original video. Devalue dollars, it takes more dollars to buy energy. Is that really so hard to understand? Btw, this all coming from a paid member... Just my 2 cents

@Yusakilic Жыл бұрын

Global stocks headed for their biggest weekly decline in more than three months. European shares fluctuated, with a record 36% drop in Siemens Energy AG’s shares after a profit warning dragging on the broader market. US index futures fell. According to chief economist at UBS Global Wealth Management “Financial markets have had one of those switches in the narrative that happen occasionally, and are starting to worry about higher interest rates driving recessions,” I'm still at a crossroads deciding if to liquidate my $300k stock portfolio, what’s the best way to take advantage of the market?

@petermerelis Жыл бұрын

embarrassing. energy is certainly AN input, but you have to take efficiency into account.

@jsmythib Жыл бұрын

We live at any given moment at the peak of our efficiency. We are not improving efficiency over time nearly as fast as population growth. Energy is the root element.

@Selamla. Жыл бұрын

I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

@beewisebeestronger6224 Жыл бұрын

I think the point hes missing here is, nuclear for us is viable long term, Africa, well they struggle with coal as it is so nuclear was never an issue for them, the world at one point was 100% fossil fuel market driven and we've slowly shifted, however , electric cars arnt the answer , hydrogen is, you can also pump it through the current gas network, and therefore eliminate tankers refueling stations as you could im theory refuse your car with hydrogen from your current gas network, in seconds, not hours like battery only vehicles.

@lukejones7366 Жыл бұрын

Chopping one video into a bunch of different releases is not that helpful when I already listened to the long form video. Maybe something in the title to state its a clip of previously released content?

@yunusemreproobs Жыл бұрын

Nice video

@zizzyballuba4373 Жыл бұрын

like in venezuela energy is inflation

@kengaroo5170 Жыл бұрын

ExxonMobil says, "give 10% to the big guy".

@psabrsula Жыл бұрын

YAAAAASSSS!!!

@bobdobbs7600 Жыл бұрын

Yes

@DrLusEnglish Жыл бұрын

wow 90 % impact

@pauljbusby Жыл бұрын

Pretty much

@SpinStar1956 Жыл бұрын

Gee, you mean the life-blood of the economy is important? There is no more destructive thing that a dictator like Brandon can do, than to interfere or strangle the source and cost of energy...

@william1863 Жыл бұрын

WTF MEN WHAT ABOUT HYDROGEN ??? Ever check your comments???

@cyruschadrezzar9873 Жыл бұрын

it is energetic. rolling shortage lock-downs become vogue. EV's are a control tool!

@shawnh1813 Жыл бұрын

George I love your videos but please just go back to you analyzing it I like the way your brain works and I hope your eyeballs are fine

@artemgavrylyshyn5541 Жыл бұрын

This guy assumes electricity will remain at 18% of all energy. What happens when fossil fuels become too expensive to use economically and more electric infastructure is built as a necessity?

@kerwinbrown4180 Жыл бұрын

Electric cannot replace fosil fuels as it is generated by the burning of fuels. I doubt they will become too expensive as humans can make them artificially.

@artemgavrylyshyn5541 Жыл бұрын

@@kerwinbrown4180 you cant synthesize hydrocarbons while using less energy to form the molecular bonds. And plenty of forms of electricity generation use less energy than it took to make them

@kerwinbrown4180 Жыл бұрын

@@artemgavrylyshyn5541 They were using hydrothermal liquefaction to convert algae to crude oil. It does use heat which can be generated by solar or other means.

@arasbeybey Жыл бұрын

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

@brianmcginity7663 Жыл бұрын

Finally, it was said.

@peaceonearth8693 Жыл бұрын

Don't know how Charlie Sheen got invited, but he didn't have much to say.

@SovereignDirt Жыл бұрын

Fusion Cars!!!

@jasonwarner9595 Жыл бұрын

If we're going to use fusion, I want a ridable drone not another car.

@johnseth8728 Жыл бұрын

Pedal cars, truly green.

@jsmythib Жыл бұрын

@@johnseth8728 Short range, nice weather locations we need to see more custom ebike/motor cycles. They are fun :) Humans max out around 200watts ouput @ eff so... We are a terrible power source :)

@donkalzone6671 Жыл бұрын

Carcrashs are a kind of fusion...a failed fusion usually

@SovereignDirt Жыл бұрын

@@jsmythib You're just not scared enough.

@FreeMarketSwine Жыл бұрын

Wtf is this guy talking about? Oil and human labor are not things that can be swapped 1-for-1, and I'm sure if I were to look at the historical price of a barrel of oil in Venezuelan bolivar (and anything else that can be bought), I'd get something very different than the equivalent prices in USD. Doesn't mean that oil prices can't drive inflation, but to call M2 a "rounding error" is silly.

@gordonkistler916 Жыл бұрын

I got some acid got some speed, got all the dope that you need but I ain't got a gallon of gas!

@rytiskurcinskas7179 Жыл бұрын

energy is important however is still not everything.

@robryan751 Жыл бұрын

What typed your opinion?

@5thmardiv636 Жыл бұрын

In my opinion, energy plus labor and labor related benefits would be the proxy for inflation. I think, labor related benefits have outpaced salaries and wages.