Monthly Archives: February 2012

Why oil prices are so high: Production shortfall, Iran concerns, and low interest rates

Posted on February 26, 2012 by Gail Tverberg

Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: “Stalled out” growth in world oil supply Concerns about Iran Artificially low interest rates Stalled Out Oil Supply Leads to Five Million … Continue reading →

Posted in News Related Post | Tagged , , , , , , , , , | 97 Comments

Human population overshoot–what went wrong?

Posted on February 15, 2012 by Gail Tverberg

There are seven billion people on earth now. I originally thought that the primary reason for the recent human population explosion was that fossil fuels enabled a larger food supply and better medicine, and thus a higher population. While the … Continue reading →

Posted in Planning for the Future | Tagged , , , , | 153 Comments

Three Major Journals Publish Articles on Limited World Oil Supply

Posted on February 12, 2012 by Gail Tverberg

In the past month, three major peer-reviewed journals have published articles relating to limited world oil supply: In Science, Technology is Turning U. S. Oil Around But Not the World’s, by Richard A. Kerr; In Nature, Climate Policy: Oil’s Tipping Point … Continue reading →

Posted in Financial Implications, News Related Post, Published Articles | Tagged , , , , , , , , | 77 Comments

Businessweek Gets it Wrong—Everything You Know About Peak Oil is ‘Not’ Wrong

Posted on February 6, 2012 by Gail Tverberg

On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, “Everything You Know About Peak Oil Is Wrong”. This editorial reflects several common misunderstandings. According to Kenny: Titled Limits to Growth, their report suggested the world was heading … Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , , , , , , , | 139 Comments

The Most Important Resource for Our Future: Inexpensive Oil (but its not really available)

Posted on February 1, 2012 by Gail Tverberg

Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to talk about changing to some other fuel, but the practicalities … Continue reading →

Posted in Financial Implications, Introductory Post | Tagged , , , , , , , , | 64 Comments