Monthly Archives: February 2014

Beginning of the End? Oil Companies Cut Back on Spending

Steve Kopits¬†recently gave a presentation¬†explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to … Continue reading

Posted in News Related Post | Tagged , , , | 547 Comments

Reaching Limits to Growth: What Should our Response Be?

Oil limits seem to be pushing us toward a permanent downturn, including a crash in credit availability, loss of jobs, and even possible government collapse. In this process, we are likely to lose access to both fossil fuels and grid … Continue reading

Posted in Planning for the Future | Tagged , , , | 503 Comments

Limits to Growth–At our doorstep, but not recognized

How long can economic growth continue in a finite world? This is the question the 1972 book The Limits to Growth by Donella Meadows and others sought to answer. The computer models that the team of researchers produced strongly suggested … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 598 Comments