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Category Archives: Financial Implications
The Most Important Resource for Our Future: Inexpensive Oil (but its not really available)
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 crude oil, debt defaults, economic growth, oil, oil consumption, oil limits, oil supply, petroleum, recession
64 Comments
More Reasons Why We are Reaching Limits to Growth
In a recent post, I talked about why we may be reaching Limits to Growth of the type foretold in the 1972 book Limits to Growth. I would like to explain some additional reasons now. In my earlier post, I … Continue reading
Where do continued high oil prices lead us?
We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since World War II have been associated with oil price spikes. But … Continue reading
Posted in Financial Implications, Planning for the Future
Tagged fossil fuels, high oil prices, oil, oil prices, oil supply, recession, renewables
67 Comments
The Faustian Bargain that Modern Economists Never Mention
This is a guest post by Dr. Gary Peters. He is a retired geography professor. Historically people have shifted their belief systems in various ways. The Greeks and Romans believed in numerous gods and goddesses and attributed all kinds of … Continue reading
Can we invest our way out of an energy shortfall?
The world has many ideas for solving our energy shortfall, but they all seem to involve investment: Drill for more oil and gas; Develop alternative energy sources; Build more efficient gas-powered cars or electric cars; Fix homes and offices so … Continue reading
Saudi Arabia – Headed for a Downfall?
Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What … Continue reading
Posted in Financial Implications, Oil and Its Future
Tagged oil production, Saudi Arabia
30 Comments
Is it really possible to decouple GDP Growth from Energy Growth?
In recent years, we have heard statements indicating that it is possible to decouple GDP growth from energy growth. I have been looking at the relationship between world GDP and world energy use and am becoming increasingly skeptical that such … Continue reading
Posted in Energy policy, Financial Implications
Tagged decouple, EROI, GDP growth, Kyoto Protocol
48 Comments
Financial Impacts of Reaching ‘Limits to Growth’
I gave a talk on expected financial implications of the oil limits that we are now reaching at a recent meeting of the Association for the Study of Peak Oil-USA. My talk consisted of two parts: Why the impact of … Continue reading
