Tag Archives: Liebig’s Law of the Minimum

Why I Don’t Believe Randers’ Limits to Growth Forecast to 2052

Jorgen Randers published a book in 2012 called 2052: A Global Forecast for the Next 40 Years. A note on the front says, “A report to the Club of Rome, Commemorating the 40th Anniversary of┬áThe Limits to Growth.” If we … Continue reading

Posted in Financial Implications | Tagged , , , | 291 Comments

Steep oil decline or slow oil decline?

Someone wrote asking the following question: Dear Gail, I have been reading quite a bit about peak oil recently. I get the impression (not based on data) that at some point there will be a quite steep decline in oil … Continue reading

Posted in Financial Implications, Oil and Its Future | Tagged , , , , , | 25 Comments

How is an oil shortage like a missing cup of flour?

If I bake a batch of cookies and the recipe calls for two cups of flour, but I have only one, it is pretty clear that I can’t bake a full batch of cookies. All I can make is half … Continue reading

Posted in Alternatives to Oil, Financial Implications | Tagged , | 28 Comments