Category Archives: News Related Post

IEA Oil Forecast Unrealistically High; Misses Diminishing Returns

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by around 2020, and North America will become … Continue reading

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Can an Economy Learn to Live with Increasingly High Oil Prices?

Prof. James Hamilton of University of California recently wrote a post called Thresholds in the economic effects of oil prices. In it, he concludes As U.S. retail gasoline prices once again near $4.00 a gallon, does this pose a threat … Continue reading

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Lower Oil Prices–Not a Good Sign!

Are lower oil prices good news? Not really, if it means the world is sinking into recession. We know from recent past experience and from common sense that higher oil prices are a drag on oil importing economies, since if … Continue reading

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RIO+20 Talks Need to Consider Physical Limits

RIO+20, the United Nations Conference on Sustainable Development, is to be held this week on June 20-22 in Rio de Janeiro. The term Sustainable Development seems to me to be almost a contradiction in terms. One dictionary gives the definition … Continue reading

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New IMF Working Paper Models Impact of Oil Limits on the Economy

The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. This is a research paper that … Continue reading

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