Item of General InterestI will be speaking at the Age of Limits Conference near Artemis Pennsylvania over Memorial Day Weekend. My topic will be "Converging Crises," providing an overview of where we are now.
Monthly Archives: January 2013
United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption … Continue reading
There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price … Continue reading