# The End of the Petrodollar | Luke Gromen

*Author: David Hoffman, Ryan Sean Adams*
*Published: Jun 6, 2024*
*Source: https://www.bankless.com/es/the-end-of-the-petrodollar-luke-gromen*

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[✨ Mint the episode on Zora ✨](https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/11?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E)

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“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. 

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

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## TIMESTAMPS
0:00 Intro

5:57 Luke’s Thesis

12:23 Energy lens

23:23 Arc of the Dollar

28:31 Why Oil?

31:31 Energy as a Denominator

38:12 Energy Price Changes

45:31 Energy Miracles

59:22 Monetary System Change

1:10:41 Capital Controls

1:18:12 Future of the US

1:24:56 How to Prepare

1:30:37 Closing & Disclaimers

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## RESOURCES
Luke Gromen

[https://x.com/LukeGromen](https://x.com/LukeGromen) 

Luke Gromen Weekly Newsletter

[https://fftt-treerings.com/](https://fftt-treerings.com/)

FTT, LLC

[https://fftt-llc.com/](https://fftt-llc.com/)  

Visualizing the History of Energy Transitions

[https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/](https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/)
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