Category Archives: News Related Post

Why raising interest rates to reduce inflation may work out very badly

Posted on July 5, 2022 by Gail Tverberg

Are we headed for very high energy prices? Or, are we headed for a financial system that starts falling apart? The whole economic system may change remarkably. For example, what many people thought was money, or a promised pension plan, may not really be there when the time comes to get value from it. Shelves in stores may be empty when it comes time to make a purchase. Continue reading →

Posted in Energy policy, Financial Implications, News Related Post | Tagged , | 3,945 Comments

A Few Insights Based on CDC Data Regarding COVID and its Vaccines

Posted on June 9, 2022 by Gail Tverberg

Recent data show that COVID vaccines don’t really prevent a person from catching and passing along the virus that causes COVID. The CDC has recently changed its guidance to reflect the fact that the vaccines mostly reduce the chance of severe illness. Vaccines are still recommended by the CDC, not because they reduce transmission, but because they may reduce COVID-related healthcare costs. Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , | 4,227 Comments

No one will win in the Russia-Ukraine conflict

Posted on March 28, 2022 by Gail Tverberg

Russia is in some ways like a heavily armed, suicidal old man, who can no longer earn an adequate living. The economic system of Russia is no longer working as it should. Russia is incredibly well-armed. The situation reminds a person of the story of Samson, in his old age, taking down the temple of the Philistines and losing his own life at the same time. Russia has no reason to back down in response to sanctions. Continue reading →

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , , , | 4,785 Comments

Russia’s attack on Ukraine represents a demand for a new world order

Posted on March 2, 2022 by Gail Tverberg

Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be centered on Russia and China. The rest of the world economy, to the extent that it continues to exist, will largely have to get along without fossil fuels, other than the fossil fuels that countries continue to produce for themselves. Population and living standards will fall in most of the world. Continue reading →

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , , , | 5,373 Comments

Could we be hitting natural gas limits already?

Posted on September 25, 2021 by Gail Tverberg

Many countries have assumed that natural gas imports will be available for balancing electricity produced by intermittent wind and solar, whenever they are needed. The high natural gas import prices recently being encountered in Europe, and especially in the UK, appear to be an indication of an underlying problem. Could the world already be hitting natural gas limits? Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , | 4,770 Comments