I was listening to the All In Pod this morning and @DavidSacks briefly mentioned the impacts to the German economy due to their dependence on natural gas from Russia
I've been obsessed with the chemicals industry since I was a kid and the story here is crazier than you'd think
Before starting, I want to say that I'm a techno optimist and I believe that Germany's decision to shut down their nuclear facilities was one of the stupidest political decisions in history
Most of their economy is based on turning energy into chemicals
Woke economic seppuku
The chemicals industry is absolutely massive, doing about $5T year in revenue
More than oil and gas!
Energy+chemicals are the yin&yang that form the bedrock of the global economy
The modern chemical industry effectively started in Germany
On this Chinese balloon nonsense most analysts have focused on “imaging” which you can do from spysats
What people are missing is that we’re going through a phase transition in our sensing capabilities rn
The future of sensing are quantum devices at nature’s limits
If I had to guess I’d bet that balloon was loaded w quantum sensors that could do things like map Earth’s gravitational field to remarkable precision, to a depth of ~1km below surface, letting you determine underground structure down to ~10m resolution by material
The idea that this balloon was an “accident” is comical to me. It was loaded with sensor gear. High altitude balloons are surprisingly steerable by changing altitude to draft on different wind streams
Unfortunately, details are scant as there still aren't even scientific publications on the result. Last time NIF made a grandiose claim, it took ~one year before they released papers