Daily Data: Uranium is the New Oil (which is also the New Oil)

Still short on energy and people

Happy Tuesday. This is a Daily Data, which is supposed to be short-and-pithy, but still learn you something good-and-interesting. In this case, it’s two recent stories—high energy prices and labor strikes—which are not actually recent stories at all.

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Daily Data

Energy and People, still in short supply

By way of background, Random Walk was on team not-transitory since well before it was cool.

Part of why RW was concerned about longer-term price increases is that we appeared to be setting a course of “Doing More with Less,” without any actual plan for setting that course.¹

And the thing is, when the demand for a thing grows (or stays constant), but the supply shrinks (or does not keep pace with growth), then prices go up. The supply-demand effect on prices is especially true when the thing you need is somewhat hard to substitute, like, I dunno, energy and people.²

In our case, we ap…