Item of General Interest
July 11. I recently received word that an article that I am a co-author on was accepted by the academic journal "Energy." The name of the article is "An Oil Production Forecast for China Considering Economic Limits." The article talks about the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario, which is the under $50 per barrel scenario, oil production in China has already peaked.
Monthly Archives: February 2012
There are seven billion people on earth now. I originally thought that the primary reason for the recent human population explosion was that fossil fuels enabled a larger food supply and better medicine, and thus a higher population. While the … Continue reading
Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to talk about changing to some other fuel, but the practicalities … Continue reading