Item of General Interest
April 14. I am back at home, after four weeks in China. I am even mostly over jet lag. I had a very interesting time there, thanks to Prof. Feng, his students, and his many friends.
Monthly Archives: July 2011
I recently wrote an article called Oil Supply Limits and the Continuing Financial Crisis, which has been accepted by the journal Energy. It is still in pre-publication status, but the corrected proof is available for purchase. Because of copyright limitations, … Continue reading
The amount of oil that is extracted from the ground each year has been close to flat since 2005, regardless of what has happened to price. Since world population has been growing, this means less and less is available for … Continue reading
In Part 1 of this post, I pointed out that an economy is closely linked with the resources that underly it. Because of this, if there is really is a limit that prevents oil supply from rising endlessly, then there … Continue reading
The economy is closely linked with the physical resources that underly it. Most economists assume debt can rise endlessly, just as they assume GDP can rise endlessly. But if there really is a limit that prevents oil supply from rising … Continue reading