Oil production is going exponential - dropped in 2020 but back on pace \ stacker news ~charts_and

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This is great for humanity.

10 sats \ 1 reply \ @kepford OP 24 Apr

100%, especially the parts of the world still building infra.

10 sats \ 0 replies \ @BitSapien 24 Apr

100% agreed. The third world absolutely needs it. Fuck the wind and solar garbage being pushed by developed countries.

10 sats \ 2 replies \ @kepford OP 24 Apr

There are some interesting things in this chart. Do you see them?

10 sats \ 1 reply \ @BitSapien 24 Apr

hmm. What am I not seeing ?

0 sats \ 0 replies \ @john_doe 24 Apr

I wonder as well. Until 1979 oil production grows exponentially, then it stops growing and retrace until around 1982-85. From 1982-85 it grows more or less linearly. We can see, it seems, the Irak, Afghanistan and Libya wars, and the corona virus policies impact on oil production as well. What are the interesting things you see?

0 sats \ 0 replies \ @Satosora 24 Apr

but l thought no one was buying from russia? lol

0 sats \ 0 replies \ @halalmoney 24 Apr

The positive pull of technology and non-State aligned economic activity vs. the negative pull of monetary debasement and State-aligned corporate activity.

I think this particular tug of war is central to the human condition.

0 sats \ 0 replies \ @alt 24 Apr

Am I seeing some wtfhappenedin1971 action on this chart?

0 sats \ 1 reply \ @nym 24 Apr

Prices haven’t gone down much

6 sats \ 0 replies \ @BitSapien 24 Apr

Those on a bitcoin standard have seen prices drop for them ? haha