A Masterclass In ‘How To Shoot Yourself In The Foot’

Notes From the Field By Simon Black  October 7, 2022

In the mid 1400s, the head of the Byzantine Empire was a career politician with decades of experience who most people thought would be a capable leader.  Instead, through a series of hilariously terrible decisions, he managed to take his already weak empire off the cliff, and into the dustbin of history, in just a few short years.

And one of the ways he did that was by deliberately giving up the most strategic resource his empire possessed.

We’re seeing a similar story play out today-- the people with decades and decades of experience are doing all the wrong things to vanquish one of the most strategic resources in our modern world: energy.

Think about it-- the people in charge have demonized an entire industry. They punish oil companies with creative taxes and insane regulations. They refuse to follow the law and lease federal lands to oil and gas companies. They drag their feet in the permitting process.

They constantly antagonize energy companies and blame high fuel prices on the industry’s “greed”.

In short they do everything they can to destroy a critical resource that the nation depends on for growth and prosperity.

This is our topic for today’s podcast. We start off walking through the comical incompetence of Emperor Constantine XI from the Byzantine Empire… and then go through some key issues to know about in the oil and gas sector.

In short, supply is tight… and probably not getting better. Demand is increasing. It’s a really important trend to understand.

But we leave with some good news. This is fixable, both long-term and short-term. But the short-term fix is going to rely on a few surprising characters from our past that may become some of the most exciting economies in the world.

To your freedom, Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/podcast/a-masterclass-in-how-to-shoot-yourself-in-the-foot-37789/