Talking Points From This Episode- World Takes Energy for Granted- Energy Return on Investment- Lack of Oil Alternatives- Uranium, Gold, Silver & Futures
Time Stamp References:0:00 - Intro0:54 - Steve's Energy Thesis3:41 - Growth & Energy Cliff6:22 - Technology & EROI8:00 - Unsustainable Shale Oil9:42 - EROI Statistics12:09 - Oil Usage & Green Energy17:09 - Uranium & Nuclear19:24 - Peak Gold Production?22:50 - Oil & Metal Price Trends25:20 - Next Gold Bull Won't End27:20 - Thermodynamic Economy34:30 - Why Silver is Undervalued36:25 - Investment Demand37:22 - Technicals39:51 - Futures Contracts43:00 - Bitcoin & Energy
Independent researcher Steve St. Angelo (SRSrocco.com) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI - Energy Returned On Invested - stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.