Category Archives: Energy policy

China and US Trade Talks: A Solution for Oil Shortages?

President Trump of the US and President Xi of China will be meeting in Beijing on May 14-15. This meeting would seem to be the perfect time to start reorganizing the world with shorter trade routes, so that the world economy uses less fuel for transportation. Continue reading

Posted in Energy policy, News Related Post, Oil and Its Future, oil shortages | Tagged , , , | 581 Comments

Losing the Iran War May Be the Best Outcome for the World

At this point, the world economy needs to make a major transition in order to deal with the inadequate level of fuels available for long-distance transportation.
It is ironic that the world economy cannot make a change such as this without a war to focus our attention in this direction. Continue reading

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , | 3,760 Comments

What has gone wrong with the economy? Can it be fixed?

I don’t believe that the situation is hopeless. At the end, I discuss where we are now, relative to historical patterns, and some reasons to be optimistic about the future. Continue reading

Posted in Energy policy, Financial Implications, oil shortages | Tagged , , , | 1,621 Comments

Why oil prices don’t rise to consistently high levels

The supply and demand model of economists suggests that oil prices might rise to consistently high levels, but this has not happened yet: In my view, the economists’ model of supply and demand is overly simple; its usefulness is limited … Continue reading

Posted in Energy policy, Financial Implications | Tagged , , | 1,589 Comments

Worrying indications in recently updated world energy data

The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying. These trends help explain the strange behaviors that we have been seeing from governments recently. Continue reading

Posted in Alternatives to Oil, Energy policy, Financial Implications | Tagged , , | 1,300 Comments