Oil 101: 7/14
…“This giant labor subsidy when combined with machines is primarily what explained and underpinned the explosion of wealth globally.
It boosted wages.
It boosted corporate profits.
It slashed the price of goods and transportation, so things show up at your door the next day in a brown truck.
It’s supercharged agriculture to increase our population from 1 billion to 8 billion, and it dramatically increased per capita consumption…
Jonathan Schofield
npub1hf…rpfwr
2026-04-11 10:50:23 UTC
in reply to nevent1q…v2zc
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npub1hfwkjq7umjjkj8wj73e30pgv3qxa8d07pxvsrw2np85djg8q0ucsqrpfwrSeen on
wss://relay.momostr.pinkPublished at
2026-04-11 10:50:23 UTCEvent JSON
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