Tag Archives: peak oil

Low Oil Prices – Why Worry?

Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 446 Comments

Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.)

The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,002 Comments

WSJ Gets it Wrong on “Why Peak Oil Predictions Haven’t Come True”

On Monday, September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only two possible outcomes: The Peak Oil version of what to expect … Continue reading

Posted in Financial Implications | Tagged , , , , | 1,114 Comments

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

Posted in Financial Implications, Introductory Post | Tagged , , , , , | 967 Comments

Oil Limits and Climate Change – How They Fit Together

We hear a lot about climate change, especially now that the Intergovernmental Panel on Climate Change (IPCC) has recently published another report. At the same time, oil is reaching limits, and this has an effect as well. How do the … Continue reading

Posted in Energy policy, Financial Implications | Tagged , , , , , , | 825 Comments