Item of General Interest
I put up a review of Ugo Bardi's new book Extracted: How the Quest for Mineral Wealth is Plundering the Planet on Amazon.
I will be speaking at a conference on oil limits at the UNED Center in Barbastro (Huesca, Spain) on October 9-10. My time slot (including Q/A) is 75 minutes. All sessions will be simultaneously translated into English and Spanish.
Tag Archives: debt defaults
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
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
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
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