With trade-war uncertainties and bonds sell offs in the midst of an erratic global gamble, it seems that America is leading in manufacturing global Artificial Chaos, not AI.
Should anyone really be surprised? Is this chaos actually new, or just sped-up? After all, look at how global energy pricing has been gamed for decades with artificial oil/gas supply shortages orchestrated to assure the maximum profitability of the giant energy companies, benefiting mainly a few thousand billionaires. Today, trillions of dollars flow from all of us to the oil and gas companies and through them, to a handful of financial institutions and the mega-shareholders who control both, as we detailed in an LPPFusion video in 2021.
Since the start of the year oil prices have plunged, along with the stock and bond markets, by 26%. Good news for gasoline and everything energy goes into? Not really, because producers will just cut back production to reflate prices. Indeed, big OPEC producers, especially Saudia Arabia, are publicly saying that production increases and price cuts are aimed at “disciplining” smaller member nations who overproduce their quotas, so that future production cuts can be enforced, to again prop up oil prices.
A few months ago, oil producers were already complaining of prices too low for production. “Oil and gas producers in the US will not raise output significantly in the coming years” Oil Price wrote: “We’re not going to see anybody in ‘drill, baby, drill’ mode,” ExxonMobil Upstream President Liam Mallon said at the Energy Intelligence Forum conference in London, (Reuters).
While it has been shown that there is enough oil for at least the next 100 years, fossil fuel companies now prefer to not really drill that much, if at all. It’s much more profitable to just keep the prices higher, and supply tight.
So, if the chaos continues, as many think it will, we can look for a “rescue” of oil prices, like the one in 2020, when markets again were tanking and a massive reduction in production and rise in prices was brokered between Russia and Saudi Arabia by none other than President Trump. Will the slogan then be “don’t drill, please, don’t drill”?
This chart of oil prices since 2012 shows that price dips, like that in 2020, are always followed by massive rises as production is curtailed. In only a year, by 2021, prices were above pre—pandemic levels and by 2022, they were double that.
There is an alternative to all this chaos: Fuse, baby, fuse!
With cheap, abundant and virtually limitless fusion energy, the artificial high pricing of energy, and artificially-made shortages will be a thing of the past. With fusion energy, we can eliminate pollution and raise the standard of living for all. When energy is cheap, everything else is cheap. Abundant energy can make everything abundant and eliminate the basis for a financial system based on scarcity.