Investing in an Empire of Illusion, by Chris Nelder

Here is a good piece in its entirety below, via @pdenlinger and written by @nelderini, critiquing "an America in thrall to its illusions, unable to respond meaningfully to the challenges of peak oil, climate change, and population." Agree or not on any of the points, if you invest or follow climate, oil and energy policy developments, it is a thinking piece on the status quo. -------------------------------- As my regular readers know, I've spent much of this year contemplating big themes, like the long-term picture for energy, energy and monetary policy, black swans and the human penchant for valuing the present more than the future, the problems of complex systems like the energy-food-water nexus, sustainability, and the relationship … [Read more...]