Category Archives: Financial Implications

Can we expect the economy to keep growing?

If we read the financial pages, economic growth seems to be viewed as the “normal” situation to which economies inevitably return. But is it really? If we look back over the past 50 years, or even over the past 100 … Continue reading →

Posted in Book draft, Financial Implications | Tagged , , , , | 124 Comments

Why US natural gas prices are so low – Are changes needed?

US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars (Figure 1). There are several reasons why US natural gas prices are so low: Our pricing … Continue reading →

Posted in Alternatives to Oil, Financial Implications | Tagged , , , , | 67 Comments

World Energy Consumption Since 1820 in Charts

Figure 1 shows the huge increase in world energy consumption that has taken place in roughly the last 200 years. This rise in energy consumption is primarily from increased fossil fuel use. With energy consumption rising as rapidly as shown … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , , , , , , , , , , | 137 Comments

Why High Oil Prices Are Now Affecting Europe More Than the US

The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading →

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Three Major Journals Publish Articles on Limited World Oil Supply

In the past month, three major peer-reviewed journals have published articles relating to limited world oil supply: In Science, Technology is Turning U. S. Oil Around But Not the World’s, by Richard A. Kerr; In Nature, Climate Policy: Oil’s Tipping Point … Continue reading →

Posted in Financial Implications, News Related Post, Published Articles | Tagged , , , , , , , , | 77 Comments