Item of General Interest
July 25. I received notice today that an article I helped write is available for free download for the next fifty days. The corrected free link for the article is "An Oil Production Forecast for China Considering Economic Limits." The article discusses the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario (prices remain under $50 per barrel), oil production in China has already peaked.
Monthly Archives: October 2012
An Economic Theory of Limited Oil Supply
We seem to hear two versions of the story of limited oil supply: 1. The economists’ view, saying that the issue is a simple problem of supply and demand. Substitution, higher prices, demand destruction, greater efficiency, and increased production of … Continue reading
Posted in Financial Implications, Oil and Its Future
Tagged Hubbert, M. King Hubbert, oil prices, oil supply, peak oil
156 Comments
Why Natural Gas isn’t Likely to be the World’s Energy Savior
We keep hearing about the many benefits of natural gas–how burning it releases less CO2 than oil or coal, and how it burns with few impurities, so does not have the pollution problems of coal. We also hear about the … Continue reading
Posted in Alternatives to Oil
Tagged coal, fracking, natural gas, natural gas exports, oil
91 Comments
Renewables Are Overrated, We Need Cheap Oil – Interview with Gail Tverberg
This article originally appeared at Oilprice.com. What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon … Continue reading
