Category Archives: Oil and Its Future

China and US Trade Talks: A Solution for Oil Shortages?

Posted on May 12, 2026 by Gail Tverberg

President Trump of the US and President Xi of China will be meeting in Beijing on May 14-15. This meeting would seem to be the perfect time to start reorganizing the world with shorter trade routes, so that the world economy uses less fuel for transportation. Continue reading →

Posted in Energy policy, News Related Post, Oil and Its Future, oil shortages | Tagged , , , | 684 Comments

2023: Expect a financial crash followed by major energy-related changes

Posted on January 9, 2023 by Gail Tverberg

If the world economy experiences major financial turbulence in 2023, we could be in for a rough ride. In my opinion, a major financial crash seems likely. This is could upset the economy far more seriously than the 2008 crash.

I am certain that some mitigation measures can be implemented. For example, there can be a major push toward trying to make everything that we have today last longer. Materials can be salvaged from structures that are no longer used. And some types of local production can be ramped up.

We can keep our fingers crossed that I am wrong but, with less oil and other energy resources available per person, moving goods shorter distances makes sense. Thus, the initial trends we are seeing toward regionalization are likely to continue. The move away from the US dollar as the reserve currency also looks likely to continue. Moreover, if the changes I am talking about don’t occur in 2023, they are likely to begin in 2024 or 2025. Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , , | 3,753 Comments

Why EIA, IEA, and BP Oil Forecasts are Too High

Posted on June 9, 2015 by Gail Tverberg

When forecasting how much oil will be available in future years, a standard approach seems to be the following: Figure out how much GDP growth the researcher hopes to have in the future. “Work backward” to see how much oil … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , , , , | 904 Comments

An Economic Theory of Limited Oil Supply

Posted on October 25, 2012 by Gail Tverberg

We seem to hear two versions of the story of limited oil supply: 1. The economists’ view, saying that the issue is a simple problem of supply and demand. Substitution, higher prices, demand destruction, greater efficiency, and increased production of … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , , , | 156 Comments

Renewables Are Overrated, We Need Cheap Oil – Interview with Gail Tverberg

Posted on October 9, 2012 by Gail Tverberg

This article originally appeared at Oilprice.com. What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon … Continue reading →

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