Historical analyses of oil and gas sector performance automatically underestimate technological impact because they exhibit survivorship bias in reverse—they only capture companies that survived, not the ones killed, and ignore that a dollar invested in 2010 is fundamentally different (more productive) than a dollar invested in 2024 due to compounding technological innovation.
causalpending
Speaker
DoombergEvidence Quote
“it's kind of like a a survivorship bias but in Reverse you know like you look at all the companies that survived and that are still trading well of course they they look great historically and because you've ignoring all the ones that are that have killed but in when you look back at historical numbers any historical numbers in the oil and gas sector you are automatically under estimating the technological impact”
Source
Doomberg: These "Big" Energy Solutions Will Power Tomorrow's Economy— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 9:56:34 PM
My Notes
Loading notes...