Tag Archives: Accrual accounting

The Afghanistan Fiasco (and Today’s High Level of Conflict) Reflect an Energy Problem

The way energy limits play out is not at all intuitive. Most people assume that we will run out of oil, leading to a spike in oil prices. We will then transition to renewables. As I see it, this understanding is completely wrong. Limited energy supply first leads to a need for simplification: Stepping back from Afghanistan would be one such type of simplification. It would save energy supplies and reduce the need for greater tax revenue or added debt. Continue reading

Posted in Financial Implications | Tagged Accrual accounting, oil prices, oil production, Social Security funding | 3,463 Comments