Tag Archives: recession

Energy and the Economy – Twelve Basic Principles

There is a standard view of energy and the economy that can briefly be summarized as follows: Economic growth can continue forever; we will learn to use less energy supplies; energy prices will rise; and the world will adapt. My … Continue reading

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Debt: Eight Reasons This Time is Different

In today’s world, we have a huge amount of debt outstanding. Academic researchers Carmen Reinhart and Kenneth Rogoff have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time is Different: … Continue reading

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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

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Oil Limits and the Economy: One Story, Not Two

The two big stories of our day are (1) Our economic problems: The inability of economies to grow as rapidly as they would like, add as many jobs as they would like, and raise the standards of living of citizens … Continue reading

Posted in Book draft, Financial Implications, Introductory Post | Tagged , , , | 489 Comments

Reasons for our Energy Predicament – An Overview

Quiz: What will cause world oil supply to fall? Too little oil in the ground Oil prices are too low for oil producers Oil prices are too high for oil consumers leading to recession, debt defaults, and ultimately a cut … Continue reading

Posted in Financial Implications, Introductory Post | Tagged , , , , , , | 434 Comments