Category Archives: Financial Implications

Scientific Models and Myths: What Is the Difference?

Most people seem to think, “The difference between models and myths is that models are scientific, and myths are the conjectures of primitive people who do not have access to scientific thinking and computers. With scientific models, we have moved … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,598 Comments

Recession Ahead: An Overview of Our Predicament

Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the problem comes from high oil prices as supply becomes inadequate to meet demand. The real … Continue reading

Posted in Financial Implications | Tagged , , , , , | 638 Comments

Do the World’s Energy Policies Make Sense?

The world today has a myriad of energy policies. One of them seems to be to encourage renewables, especially wind and solar. Another seems to be to encourage electric cars. A third seems to be to try to move away … Continue reading

Posted in Energy policy, Financial Implications | Tagged , | 1,380 Comments

How Renewable Energy Models Can Produce Misleading Indications

The energy needs of the world’s economy seem to be easy to model. Energy consumption is measured in a variety of different ways including kilowatt hours, barrels of oil equivalent, British thermal units, kilocalories and joules. Two types of energy … Continue reading

Posted in Alternatives to Oil, Energy policy, Financial Implications | Tagged , , , , | 1,605 Comments

Understanding Why the Green New Deal Won’t Really Work

The reasons why the Green New Deal won’t really work are fairly subtle. A person really has to look into the details to see what goes wrong. In this post, I try to explain at least a few of the … Continue reading

Posted in Alternatives to Oil, Financial Implications | Tagged , , | 1,326 Comments