Tag Archives: employment

The Connection of Depressed Wages to High Oil Prices and Limits to Growth

In my view, wages are the backbone an economy. If workers have difficulty finding a job, or have difficulty earning sufficient wages, the lack of wages will be a problem, not just for the workers, but for governments and businesses. … Continue reading

Posted in Financial Implications | Tagged , , , , | 138 Comments

Energy Leveraging: An Explanation for China’s Success and the World’s Unemployment

If an employer wants to maximize profits, it will want to leverage its use of high-priced energy sources.  From an employer’s point of view, there are basically three kinds of energy, from most to least expensive: Human energy Petroleum energy Everything … Continue reading

Posted in Energy policy, Financial Implications | Tagged , , , , , , , | 116 Comments

Renewables Are Overrated, We Need Cheap Oil – Interview with Gail Tverberg

This article originally appeared at Oilprice.com. What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon … Continue reading

Posted in Energy policy, Financial Implications, Oil and Its Future | Tagged , , , , , , , , | 137 Comments

The Close Tie Between Energy Consumption, Employment, and Recession

The number of jobs available to job-seekers has been a problem for quite a long tine now—since 2000 in the United States, and longer than that in Europe. If we look at the percentage of the US population who are … Continue reading

Posted in Book draft, Energy policy, Financial Implications, Introductory Post | Tagged , , , , , , , , , | 70 Comments

Evidence that Oil Limits are Leading to Declining Economic Growth

The usual assumption that economists, financial planners, and actuaries make is that future real GDP growth can be expected to be fairly similar to the average past growth rate for some historical time period. This assumption can take a number … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 56 Comments