Post #4325485
2026-08-02 07:41 UTC
#climateDiary
…The perspectives of Jeff Currie, précised above, are set out in a long essay with much more detail at
https://www.carlyle.com//carlyle-compass/the-abundance-illusion
Replies (1)
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@urlyman@mastodon.social 2026-08-02 08:10
#climateDiary ☝️“When Carter told Americans the energy shortage was a crisis, the admission was honest and politically fatal. His political successors drew the obvious conclusion, and thus the abundance illusion was born: never admit to scarcity. Fear may drive policy, but greed is what gets votes. So the template became: - reassure markets with words and hundreds of millions of barrels from strategic reserves - and hope that talking down prices would bridge the gap until supply returned”