David Gibbs: The Coming Energy Shock - Similar to 1973 Oil Crisis?

They charge me 37% tax on my income, I like my money to be spend in America like Healthcare, Affordability, housing etc.. I dont want my money be spent in wars for Israel...♠︎

Prof Diesen sets the bar for being an excellent host, consistently great guests, intelligent questions and space given for thoughtful responses.

We're in deep shit. I lived through the 1973 debacle.

Interesting to hear that American elites have always been treacherous to the country’s interests.

This guy is definitely a professor. Stopping to ask for any questions. Great guest and a breath of fresh air.

The professor missed the main reason why the US wanted higher oil prices in 1973, and that was that $2.50/bbl oil prices were too low to support the petrodollar. Nixon had shut the gold window in 1971 and the plan was for oil to be the new anchor for USD. But to support the petrodollar the market cap of the global oil market had to be much higher than it was. To achieve this oil prices had to be raised at least ten fold. The higher oil prices also meant the arabs would have more money to recycle back into the US bond and equity markets.

War Is a Racket.

Thoroughly enjoyable exchange. A rarity these days, for two erudites without a trace of hubris

What an excellent discussion, so expert and insightful, thank you.

Mr. Diesen - Thank you for taking on the difficult questions with guests who have deep, researched understanding of the questions. I also appreciate the conversation tenor of your channel as opposed to any form of "hype"!