I study energy markets, climate policy, and their effects on the economy. Professor @UCDavisEcon, former @DallasFed
Joined March 2020
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David Rapson retweeted
23h
222K likes.
The fixed pie fallacy is probably the single most destructive delusion on the planet. The belief that wealth cannot be created—only distributed—has done more than any other to stop people from lifting themselves and others out of poverty.
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Wish he was less erratic and more kind, but these also strike me as important points
History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.
Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.
And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.
You cannot legislate a rocket into orbit.
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David Rapson retweeted
Jun 12
My whole timeline is full of millionaires complaining about a trillionaire
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David Rapson retweeted
Jun 11
I don't know what Piketty, Stiglitz, and co. are smoking. Global poverty rates have never been lower. Progress on basic global health and wellbeing measures has been amazing over the past few decades. "End of the road"?!? Come again!?!
theguardian.com/commentisfre…
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Jun 12
Says the guy who literally green-lighted the assassination of their predecessors during negotiations.
Jun 12
TRUMP ON IRAN: VERY DISHONORABLE PEOPLE TO DEAL WITH. WITH THEM, THERE IS NO SUCH THING AS DEALING IN GOOD FAITH
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David Rapson retweeted
Jun 12
If the reported deal is true, these last 2 months may represent the worst negotiation tactics in diplomatic history
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David Rapson retweeted
Jun 11
American credibility has deteriorated to the point where the president can announce a diplomatic agreement and the near-universal reaction is "let's wait for confirmation from Tasnim"
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Jun 12
So far, completely accurate in last 3 months. But how long can Trump gaslighting prevail in the face of ever depleting reserves?
Jun 11
If you have followed oil long enough, you know never to trust the Barrel Counter Bros.
The Barrel Counters always seem in command of the minutiae, well-informed, & convincing. Yet somehow, they always miss some key fact, and end up torching the people who listen to them.
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$JPM changes view on oil, says prices should be near $130 / barrel now and will have no choice but to spike above $150 / barrel within the next 4 weeks.
thestreet.com/latest-news/jp…
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Jun 11
The bipolar narratives around the imminence of a "deal" are so different that it's difficult who to trust. That said, the apparent Iranian view is more consistent with the observable outcomes than the proclamations coming from the Trump administration.
Jun 11
BREAKING: Iran's Foreign Ministry directly rejects Trump's new claim that "everyone in Iran has approved the deal," including the Supreme Leader, saying no one has accepted it, and "no agreement has been reached," per Fars.
Any agreement requires the US to "accept every demand" from Iran, including that it won't surrender enriched uranium or make nuclear concessions, that the Strait of Hormuz remains permanently under Iranian management, and the transfer of $24 billion in frozen funds. Iran adds "if it were to yield under pressure, it would have done so a year ago" rather than after sustained US bombing.
The spokesperson also denied Trump's claim that the Strait of Hormuz would reopen on a deal signing, saying it "remains closed" under Iranian authority and "safe passage is not possible."
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David Rapson retweeted
Jun 11
We’ve heard a deal is within reach so many times that it’s hard to believe anything anymore. Confirmation is when it actually happens and when the terms of the deal actually materialize.
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David Rapson retweeted
Jun 11
1. Thanks!
2. Did a presentation earlier this week and it was literally just those two charts.
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Jun 11
Aside from the Hormuz traffic graph, this one best captures the essence of the last few months
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David Rapson retweeted
Jun 11
good thing prices don't serve any useful purpose or this whole perpetual Trump oil jawbone thing might be problematic
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David Rapson retweeted
Jun 10
Possibly the most painful chart to look at in energy policy:
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Jun 10
The last 15yrs were a period of extraordinary, broad-based wealth creation. Now the competition for tickets is more intense.
Jun 10
does anyone have an explanation for why concert tickets were $35 fifteen years ago and now they're $350
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David Rapson retweeted
Jun 9
Energy factoid of the day:
The entire annual global LNG market equals to about six weeks of coal demand in China and India.
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David Rapson retweeted
Jun 9
CNN: TRUMP HAS DECLARED AN IRAN DEAL 'IMMINENT' 37 TIMES, YET NO AGREEMENT HAS BEEN REACHED
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David Rapson retweeted
Coworkers should date. It should not be a taboo. It should be a regular, normal thing that lots of people do!
Dating your coworker used to be one of the top ways to meet your spouse and now there’s a massive social taboo against it
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David Rapson retweeted
Jun 8
trump tonight weaker vis both iran and israel. not easy to pull off but he’s managed it.
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