Oil

I often wonder how prepared I am for the overwhelming evidence that in coming decades the economy and society at large is going to face increased crisis over dwindling oil supplies with increased demand for energy, with climate change pushing our infrastructure and natural resources into crisis. ⛽

I am carefully investing, taking advantage of grow of the economy. But what if people like Bill McKibbean and nearly ever other rational person is right — growth is not indefinite? 📈What happens if the stock market and economy stop growing larger each year — at least over the long-range horizon. Then I guess I’m screwed, as most of my investments are market based — diversified yes, but still based on the premises of a forever growing economy.🌎

I do spend a lot of time reading and studying videos about bushcraft, off-grid living, hunting and fishing. I’m probably more comfortable in the wilderness then many Americans. But I’m no serious outdoorsman, I rely on the plastic bagged food and cheap oil as much as anybody else. If the markets are in a permanent state of collapse, the funding I need to buy land and my off-grid cabin will vanish.📉

I am not willing to plunk a bunch of money into gold,  💰 or other questionable assets. Even land or a house that I’m not going to use for a few decades seems like a bad investment. The market, carefully invested in a place is to be if you want to grow your money for tomorrow. But I think many people will be in the same boat as me if the economy permanently changes, although I think with careful saving, and no debt, I’ll still come out ahead.

And just as important as money, learning new skills, especially with natural resources and the basics that make up our world 🤔is invaluable in succeeding in an economy that may collapse in the future as pressures in the oil markets and climate change take their toll on society.