| Something phenomenal happened in 2001. Humanity generated more information in a single year than it had in all of human history, combined, up to that point. Since then, the amount of information available to us has gone parabolic, as documented by former CIA media analyst Martin Gurri in his fascinating book, The Revolt of the Public. Gurri explains the effects of this information “tsunami,” which underpinned events from the Arab Spring to Javier Milei’s ascendency in Argentina to the abrupt turnaround of China’s Zero-COVID policies. The information tsunami has led to a breakdown in the public’s trust in institutions and the elites in charge. Many of us have sensed this happening for years now, but I believe Gurri has done the best job of articulating the nuances of this phenomenon. That’s why I’m so pleased to welcome him to Global Macro Update. Find Martin Gurri’s book, The Revolt of the Public, here: https://press.stripe.com/the-revolt-of-the-public Follow Martin Gurri on LinkedIn here: https://www.linkedin.com/in/martin-gurri-370a8216/ Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Time stamps: 00:00 – Introduction 01:23 – Gurri’s CIA tenure 06:37 – Information overload around the globe 13:12 – Political splintering of the US 18:06 – Nihilism and social media censorship 27:38 – Media and the new political elites 31:59 – Tech elites in politics? 26:27 – Ed’s trip to Cuba 44:25 – Regime collapse |
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Oil Demand SURGES Despite Energy Transition Hype | Josh Young
2024-09-13
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The prevailing narrative around oil is that a global supply glut and weakening demand from China will continue to keep oil prices down.
The reality is that oil isn’t going away anytime soon.
Josh Young, the founder and CIO at energy investment firm Bison Interests takes us on a world tour of oil-producing nations, explaining why there is “a lot less spare capacity than people think.” That includes capacity from Guyana, which some have called “the next Saudi Arabia.” He also believes the China demand story is overstated.
You will also hear about which OPEC nations might be cheating on their quotas, the nuances in the Exxon v. Chevron dispute, the future of the Strategic Petroleum Reserve… and what
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