I know Warren Buffett is catching heat lately for his poor investment returns. But it's worth looking at his recent investments in 2019 in energy and gold mini

I know Warren Buffett is catching heat lately for his poor investment returns. But it's worth looking at his recent investments in 2019 in energy and gold mining. He didn't buy them for 12+ months, he bought them for 12+ years. I genuinely look forward to a post-petroleum economy, but it's going to take a long time to get there. The extreme volatility from CV19 shockwaves, including short-term energy price collapse, is going to have consequences. Some of those consequences are likely to include increased instability in peripheral energy producing nations with high production costs. Even Russia, Saudi Arabia, and Iran will be suffering quite considerably from the decline in energy prices. It may be 10x in peripheral energy production dependent nations. That increased risk of instability could lead to conflict and supply contraction and rising energy prices(over time). It's worth looking at the 80's Oil Glut and the impact it had on the world. The Soviet Union fell and the First Iraq War both occurred in the wake of the Oil Glut as both the Soviet Union and Saddam's Iraq were facing severe economic crisis as a direct result of the glut. I wrote a piece on it that got published: https://madsciblog.tradoc.army.mil/223-contagion-covid-19s-impact-on-operational-environment-part-1/?doing_wp_cron=1598822358.2033779621124267578125 https://madsciblog.tradoc.army.mil/223-contagion-covid-19s-i...