The End of Globalization: Why Abundance Is an Illusion with Jeff Currie
The Great Simplification with Nate Hagens
23 HOURS AGO
The End of Globalization: Why Abundance Is an Illusion with Jeff Currie
The End of Globalization: Why Abundance Is an Illusion with Jeff Currie
The Great Simplification with Nate Hagens
23 HOURS AGO
Shownote
Shownote
For three decades, most of Wall Street has treated energy and commodities as a rounding error, or as a small slice of the portfolio rather than the physical foundation everything else runs on. But in mid-2026, with the Strait of Hormuz disrupted, tankers b...
Highlights
Highlights
In a world where geopolitical tensions and physical scarcity are no longer theoretical risks, a veteran commodity strategist argues that the global system is facing its most severe test in decades. This conversation, recorded in mid-2026, delves into the real-time breakdown of the post-war economic order, where the price signals from refined fuels like diesel are screaming louder than the headlines about crude oil. The discussion moves beyond market noise to explore the structural unpreparedness of the West and the strategic advantages of state-led economies.
Chapters
Chapters
The Hemoglobin of the Global Economy: Why a Record Crack Spread Signals a Deeper Crisis
00:00The Abundance Illusion vs. Strategic Reality: How the West's Denial of Scarcity Fuels the Supercycle
24:26The Grand Bargain in Flames: What Happens When the U.S. Can No Longer Protect the World's Sea Lanes?
43:55Electrons vs. Petrostates: How Battery Technology and China's Energy Build-Out Are Redefining Power
59:12The Foothills of the Himalayas: Why the Next Six Months Could Bring Unprecedented Volatility and a New Societal Divide
1:17:46Transcript
Transcript
Jeff Currie: the period of globalization is ended. You need to build multiple supply chains, redundancy, new manufacturing systems, and all of that. Why aren't people putting money into it? They won't. It wasn't the great returns in the 70s that got people...
