Hi @Korin43. While I understand your point, I was using it as an analogy. You're totally right as my description was not 100% accurate.
Consumer credit is totally different. I agree with you. Thanks for explaining the your point and the difference.
Fair point. It doesn't apply to most countries. Thanks for pointing that out.
I would really like to write something like that in the future, especially from a meta level. Polymers is super interesting as well.
I'll give it some thought and probably write something about it. If you'd like to receive that essay, I'd love to have you join our Weekly Memos where I send similar essay. Join us here --> juandavidcampolargo.com/newsletter
This is very true, Andy. Venezuela is the country that has the largest reserves but it's very expensive to get it out. Technology will be the answer there.
Hi! Oil is also a great topic to explore. And you're right the true wonder material is oil. I'm very familiar with oil as I grew up in Venezuela so I have some experience on what oil what can do. Sometimes it becomes a "curse" but for the most part and if you use it well, oil is a true wonder.
I'll give it some thought and probably write something about it. If you'd like to receive that post, I'd love to have join our Weekly Memo where I send similar essay. Join us here --> juandavidcampolargo.com/newsletter