redditmademedoit

But to be clear, that’s still just your “normal” bad day that hits the markets with some regularity (e.g. Jensen Huang has a bad hair day).

Consider that Russia has been failing to take over a neighboring country for several years now, for incomprehensible reasons, displaying immense incompetence on every level along the way. It is inherently very unlikely that Russia simultaneously has masterminded the entire fabric of the US and effectively taken over the country through sheer genius.

No doubt that Trump is playing right into Putin’s hands, but Putin is also an idiot: not omnipotent.

I think it’s more worth considering that the MAGA doomsday cult has a lot of interests that align with Russia, e.g. shifting U.S focus to the Western Hemisphere for resource dominance, as suggested by Aslı Bâli in the latest episode of The Dig (https://thedigradio.com/podcast/maga-empire-w-asli-bali-and-greg-grandin/).

Megabonk has some “fun” challenges that probably counts towards both. I did the “AFK gaming” one, where your character isn’t allowed to be moved by the player ( a huge handicap). It was kind of fun figuring out which character would be best, what pickups to prioritize etc.

As far as I’m aware peak oil production has not been recognized to have happened yet.

Over the last century, many predictions of peak oil timing have been made, often later proven incorrect due to increased extraction rates.[9] M. King Hubbert introduced comprehensive modeling of peak oil in a 1956 paper, predicting U.S. production would peak between 1965 and 1971; his global peak oil predictions were predictive through the 1990s and 2000s but eventually were deemed premature due to improved drilling technology.[10] Current forecasts for the year of peak oil range from 2028 to 2050.[11] These estimates depend on future economic trends, technological advances, and efforts to mitigate climate change.[8][12][13] Peak oil, Wikipedia

It is still assumed that global oil consumption scales with economic growth and under 2025 consumption increased.

Global liquid fuels consumption increased by an estimated 1.2 million b/d in 2025 and is forecast to increase by 1.1 million b/d in 2026 and 1.3 million b/d in 2027. Consumption growth rises next year as global economic activity picks up pace. Based on forecasts from Oxford Economics, our forecast assumes global GDP will grow by 3.1% this year and 3.3% in 2027. Short-Term Energy Outlook, EIA (U.S. government)

When you have plug-in hybrid tanks or nuclear powered strategic bombers oil will see a diminish in it’s strategic relevance as a resource.

Fusion is nowhere near being in industrial use or being profitable. In the future, maybe, pending more breakthroughs.

Whether nuclear is a good idea to cling to going forward or not, it takes time to deploy. Those small reactors don’t just come off a shelf, ready to be turned on. Oil, however, can generate power TODAY, anywhere you can ship it.

The question isn’t whether it’s a good idea to keep burning oil – it definitely isn’t – the question is whether oil is still a hugely important energy commodity and the answer is a resounding yes. Notably, the article mentions that China’s oil use hasn’t even peaked yet. China does not use a small amount of oil.

Oil is still king. It’s not by a long shot about to lose it’s value as a strategic resource.