Item of General Interest
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Tag Archives: collapse
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 collapse, fossil fuels, religion, renewable energy, renewables, research grants
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 collapse, economic growth, fossil fuels, how economy works, protests, riots
638 Comments
The true feasibility of moving away from fossil fuels
One of the great misconceptions of our time is the belief that we can move away from fossil fuels if we make suitable choices on fuels. In one view, we can make the transition to a low-energy economy powered by … Continue reading
Low Oil Prices: An Indication of Major Problems Ahead?
Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it … Continue reading
Posted in Financial Implications
Tagged affordability, collapse, economic collapse, low oil prices, peak oil
1,595 Comments
Why Oil Prices Can’t Bounce Very High; Expect Deflation Instead
Economists have given us a model of how prices and quantities of goods are supposed to interact. Unfortunately, this model is woefully inadequate. It sort of works, until it doesn’t. If there is too little of a product, higher prices … Continue reading
Posted in Financial Implications
Tagged collapse, exports, imports, low oil prices, peak oil, supply and demand
2,280 Comments
