Peak Cheap Oil vs Peak Oil Demand - E375

Bitcoin & Markets: Macro, money, geopolitics and news

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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.

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Links
Full write up and charts
https://bitcoinandmarkets.com/e375

• Original live stream
• Real Vision with Luke Gromen
• Wolf Street FX reserves
• Reuters on FX reserves

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