Item of General Interest
Oct. 23 . A new interview by Chris Martenson is now up. He calls it Why There's No Economically Sustainable Price for Oil Anymore.
Author Archives: Gail Tverberg
Why Oil Prices Can’t Bounce Very High; Expect Deflation Instead
Economists have given us a model of how prices and quantities of goods are supposed to interact. Unfortunately, this model is woefully inadequate. It sort of works, until it doesn’t. If there is too little of a product, higher prices … Continue reading
Posted in Financial Implications
Tagged collapse, exports, imports, low oil prices, peak oil, supply and demand
1,535 Comments
World GDP in current US dollars seems to have peaked; this is a problem
World GDP in current US dollars is in some sense the simplest world GDP calculation that a person might make. It is calculated by taking the GDP for each year for each country in the local currency (for example, yen) … Continue reading
Posted in Financial Implications
Tagged deflation, economic growth, energy prices, inflation, interest rates, oil prices
2,988 Comments
Researchers have been underestimating the cost of wind and solar
How should electricity from wind turbines and solar panels be evaluated? Should it be evaluated as if these devices are stand-alone devices? Or do these devices provide electricity that is of such low quality, because of its intermittency and other … Continue reading
Posted in Financial Implications
Tagged electric grid, EROI, solar electricity, solar PV, wind turbine
3,302 Comments
The Next Financial Crisis Is Not Far Away
Recently, a Spanish group called “Ecologists in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it would take place. The answer … Continue reading
Posted in Financial Implications
Tagged collapse, economic growth, energy consumption, oil prices, peak oil
3,812 Comments
Falling Interest Rates Have Postponed “Peak Oil”
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some … Continue reading
Posted in Financial Implications
Tagged debt growth, interest rates, oil price, oil supply
2,734 Comments
