Tag Archives: oil price

Why Standard Economic Models Don’t Work–Our Economy is a Network

The story of energy and the economy seems to be an obvious common sense one: some sources of energy are becoming scarce or overly polluting, so we need to develop new ones. The new ones may be more expensive, but … Continue reading

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Converging Energy Crises – And How our Current Situation Differs from the Past

At the Age of Limits Conference, I gave a talk called Converging Crises (PDF), talking about the crises facing us as we reach energy limits. In this post, I discuss some highlights from a fairly long talk. A related topic is how … Continue reading

Posted in Financial Implications | Tagged , , , , | 748 Comments

The Connection Between Oil Prices, Debt Levels, and Interest Rates

If oil is “just another commodity,” then there shouldn’t be any connection between oil prices, debt levels, interest rates, and total rates of return. But there clearly is a connection. On one hand, spikes in oil prices are connected with … Continue reading

Posted in Financial Implications | Tagged , , , | 586 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

Sustainability: How Humans’ Economy Differs from Natures’

A few years ago, I had an ah-ha moment when it comes to what we as humans would need to do to live in a sustainable manner. It is very easy. All we have to do is leave our homes, … Continue reading

Posted in Financial Implications | Tagged , , , , , | 354 Comments