July 12th, 2014
The mines where iPhones are born – along with Toyota Priuses, wind turbines, lasers, disk drives, automotive catalytic converters, and many other indispensable elements of modern technology – may look like giant craters.
But they’re really battlegrounds in the geopolitical power grab known as the Great Game. And just as the balance of power among the U.S., China, the Middle East and other nations is continually shifting in the energy industry, so, too, are there power struggles over the minerals we call rare earths: the elements critical to thousands of devices.
One country controls over 90% of global rare earth production.
And it’s a country that wants to bring the U.S. to its knees…
July 11th, 2014
No one would have ever thought that a 700-page book on economics would hit the bestseller lists and become a lightning rod for political controversy.
Then again, 10 years ago, all of the experts were saying that the price of oil (then $30 a barrel) was unsustainably high.
Clearly, with oil at $100+ per barrel, the energy experts were wrong. And, as it turns out, the classical economists were wrong about how energy affects the economy.
What does Piketty’s Capital in the Twenty-First Century have to do with making money in energy? A lot more than you might think.
You can’t make big money in energy without understanding how it works…