neroden
Model S Owner and Frustrated Tesla Fan
World War II was fought over oil. Specifically, Imperial Japan's obsession with getting oil. And Nazi Germany overextended itself by invading Russia because it was looking for oil. Since then, a very large number of oil wars have been fought.If the stock does keep rising it will surely be in stutter steps right? I assume many people are still a little fearful and would use small jumps as a good time to reduce exposure.
I assume that is just the environmental impacts. How much money have we spent in defense spending and wars over the years to keep oil stable? Iraq 2 alone is 3 or 4 trillion. Arguably every single war in the middle east had it's roots in oil concerns.
I can make hyperbolic claims too. 9/11 was caused by our dependence on oil. We would not have bothered to interfere in regional polticis by supporting Iraq, and then needed to defend our oil ally the Saudis from Iraq which precipitated the desire in Bin Laden's head to attack the US for daring to place infidels on holy land etc.
I think that's pretty definitely proven, actually. US support for Saudi Arabia is batshit insane geopolitically, and appears to be *solely* about maintaining oil supplies. Eliminate oil demand, the Saudi kleptocracy will collapse pretty much overnight. US support for the Saudi kleptocracy is the big cause of resentment in the Middle East and that drives people to join freedom fighting / terrorist groups.
Hey, this is kinda fun.
It can definitely be the same thing. Group think/herd mentality, greed, basing future performance on past performance...