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The shift to very expensive unconventional oil (shale, deepwater, tar sands) has replaced the one-time benefit of abundant cheap conventional oil, and this transition is permanent and cannot be reversed

causalpending

Speaker

Steve St. Angelo

Evidence Quote

“and then on the money printing side obviously that is just you know dilution of purchasing power which you know in turn means inflation which obviously in turn means the the cost of anything not just the energy needed but also the equipment all of the inputs into the equipment the the labor all of that going up everything goes up”

Source

Steve St. Angelo: Exponential Debt Cycle is Past the Point of no Return— Palisades Gold Radio
Created: 8/10/2026, 11:27:09 PM

My Notes

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