Wednesday, March 3, 2021

Tag: How Much Human Labor Equals One Gallon Of Gasoline?

How Much Human Labor Equals One Gallon Of Gasoline?

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by Steve St. Angelo, SRSRocco Report:

Most people are amazed to discover the enormous amount of energy contained in a gallon of gasoline.  However, this isn’t surprising because the public seems to take for granted the ENERGY that drives the entire economy, especially oil.  And, oil is the most crucial energy supply vital for our Just-In-Time-Inventory-Supply-Chain System.  Without oil, the entire global economy would grind to a halt.

In my recent video, The Tremendous Hidden Value In Every Silver Coin, I discussed why the precious metals act as a store of “Energy Equivalent Value.” While many people may disagree with this analysis, our complex economy is nothing more than the trading of energy, in one form (goods) or another (services).