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.
Category Archives: Financial Implications
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
1,226 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
Open Thread and a Few Observations on Japan
I am putting this post up to give commenters who would like to carry on conversations related to previous posts a place to comment, since comments on my last post have been cut off. Also, my family and I recently … Continue reading
