Peak Cheap Oil vs Peak Oil Demand - E375

Peak cheap oil is not happening. Peak oil demand better describes what's happening.

Peak Cheap Oil vs Peak Oil Demand - E375

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In this episode, I react to Luke Gromen's Peak Cheap Oil theory. The basics are that demand will only go up and is price insensitive, adding in an assumption that there is some arbitrary level where oil would be too cheap to pull out of the ground.

I'm on the Peak Oil Demand side of the house, where demand will fall due to global recession, deglobalization, falling credit capacity, depopulation, etc.


Charts and images

Bitcoin price at time of recording Sept 29th
Dollar DXY at time of recording
US10Y at time of recording
Long term oil chart

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