“No Oil Shock This Time?” The Hidden Risks Not Mentioned About Energy, Inflation, and the Coming Digital Dollar Era

America Isn’t as Vulnerable to Oil Shocks Two recent Axios reports highlight a dramatic shift in the U.S. energy system. Their data shows that since 1978: U.S. GDP has more than tripled Oil consumption barely increased The oil intensity of the economy has fallen more than 70% That’s a profound structural change. During the 1970s oil crisis, disruptions in the Middle East caused gasoline shortages, long lines at the pump, and a wave of inflation that shook the global economy. Today, the U.S. is far less exposed to that kind of shock. Several factors explain why: More fuel-efficient vehicles Natural gas replacing oil in many industries Expanding renewable energy Surging domestic oil production The U.S. is now the largest oil…