Tag Archives: Liebig’s Law of the Minimum

Steep oil decline or slow oil decline?

Posted on April 5, 2011 by

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?

Posted on February 2, 2011 by

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