Without Fossil Fuels Your Money Is Worthless

Some people call Dollars FIAT currency, that unlike a gold-backed currency, it isn’t backed by anything. That’s false. It’s backed by energy.

The U.S. dollar is fundamentally supported by all the oil and gas found in Pennsylvania, starting in 1859, then California and finally Texas and Oklahoma. Even today the U.S. mines almost 5 billion barrels a year.

Imagine AT&T Stadium, home to the Dallas cowboys. We extract enough oil that we could fill that stadium every 1.4 days, or 270 times a year. Bottom to top. Visualize that!

If you don’t believe me, that money equals fossil fuels, let’s do a thought experiment. If you exclude precious metals and land, what could you buy with your dollars IF — we have this condition — you can’t buy anything that required energy to manufacture?

That would mean no cars, no homes or real estate built after the 1800s, no electronics — nothing that takes fossil fuel energy. EVs too, because they are built with coal and gas-FYI.

Tell me if I’m wrong. Everything you buy with your money was either already created by burning fossil fuels, WILL be created by burning them, or couldn’t have reached your doorstep without burning them.

When you buy a car, for example, you assume there will be energy to run it, whether it’s…