Tag Archives: diminishing returns

Oil Limits and the Economy: One Story, Not Two

The two big stories of our day are (1) Our economic problems: The inability of economies to grow as rapidly as they would like, add as many jobs as they would like, and raise the standards of living of citizens … Continue reading

Posted in Book draft, Financial Implications, Introductory Post | Tagged , , , | 489 Comments

Diminishing Returns, Energy Return on Energy Invested, and Collapse

What do diminishing returns, energy return on energy invested (EROI or EROEI), and collapse have to do with each other? Let me start by explaining the connection between Diminishing Returns and Collapse. Diminishing Returns and Collapse We know that historically, … Continue reading

Posted in Financial Implications | Tagged , , , | 491 Comments

What’s Ahead? Lower Oil Prices, Despite Higher Extraction Costs

Nearly everyone believes that oil prices will trend higher and higher, allowing increasing amounts of oil to be extracted. This belief is based on the observation that the cost of extraction is trending higher and higher. If we are to … Continue reading

Posted in Financial Implications | Tagged , , , , | 428 Comments