Drilling Deeper: An Underground Look At The Energy Revolution
Harvesters,
In 1858, a gentleman by the name of Edwin Drake from Titusville, Pennsylvania drilled the first successful oil well in the nation - by 1863, just five years later, Drake had lost his entire life savings in the speculation of oil. Since the beginning, oil has been characterized in terms of shortages and surpluses - wars, fortunes, and millions of lives have been lost from this false belief. As we progress forward in the energy revolution, it's important to remember why the resource curse manifested in the first place. I'll leave you with this:
" More money has been because of four words than at the point of a gun. Those words are 'This time is different .'" - Carmen M. Reinhart
Please do not hesitate to contact me directly at taylor@pinecapitalpartners.com for questions/comments.
Best,
Taylor
In 1858, a gentleman by the name of Edwin Drake from Titusville, Pennsylvania drilled the first successful oil well in the nation - by 1863, just five years later, Drake had lost his entire life savings in the speculation of oil. Since the beginning, oil has been characterized in terms of shortages and surpluses - wars, fortunes, and millions of lives have been lost from this false belief. As we progress forward in the energy revolution, it's important to remember why the resource curse manifested in the first place. I'll leave you with this:
" More money has been because of four words than at the point of a gun. Those words are 'This time is different .'" - Carmen M. Reinhart
Please do not hesitate to contact me directly at taylor@pinecapitalpartners.com for questions/comments.
Best,
Taylor
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