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In 1973, America’s dependence upon other nations for oil led to skyrocketing gas prices, gas rationing and international tensions with the Middle East. The oil crisis dramatically impacted our culture and economy.
In the 2020s, microchips may become the new oil. Phones, automobiles and computers have made us dependent upon chip manufacturers.
On “60 Minutes,” Intel’s CEO claimed that the United States’ semiconductor market share has declined from 37% to 12%. Taiwan and China’s dominance in microchips is quickly becoming much like the Middle East was to oil.
In Matthew 16:3, Jesus said, “You know how to interpret the appearance of the sky, but you cannot interpret the signs of the times.”
As we make business decisions, it’s important to know the times and be prepared for what’s to come.
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