Tag Archives: debt defaults

Low Oil Prices Lead to Economic Peak Oil


We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and falls for economic reasons? If this is the issue, it doesn’t … Continue reading

Posted in Financial Implications | Tagged , , , , | 225 Comments

Our Investment Sinkhole Problem


We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading

Posted in Financial Implications | Tagged , , , , , , , | 67 Comments

High-Priced Fuel Syndrome


Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“. High-priced fuel syndrome has a number of symptoms: Slow economic growth, or contraction People in … Continue reading

Posted in Book draft, Financial Implications, Introductory Post | Tagged , , , , , | 192 Comments

Why High Oil Prices Are Now Affecting Europe More Than the US


The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading

Posted in Financial Implications | Tagged , , , , , , , , , , , , , , , | 75 Comments

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 , , , , , , , , | 64 Comments