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
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
2,141 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
Why We Should Be Concerned About Low Oil Prices
Most people assume that oil prices, and for that matter other energy prices, will rise as we reach limits. This isn’t really the way the system works; oil prices can be expected to fall too low, as we reach limits. … Continue reading
Posted in Financial Implications
Tagged economic growth, low oil prices, oil prices, solar panels, wind turbines
2,716 Comments
The Economy Is Like a Circus
The economy is like a circus. It comes to town, and eventually it leaves town. We get paid in tickets to this circus. As long as the circus stays in town, we can use our tickets. Once the circus leaves … Continue reading
Posted in Financial Implications
Tagged healthcare costs, interest payments, low wages
1,952 Comments
Why Energy-Economy Models Produce Overly Optimistic Indications
I was asked to give a talk to a committee of actuaries who are concerned about modeling the financial future of programs, such as pension plans, given the energy problems that are often discussed. They (and the consultants that they … Continue reading
Posted in Financial Implications
Tagged Debt, dissipative structure, energy-economy modeling, pensions
2,065 Comments
