Tag Archives: complexity

Spike in energy prices suggests that sharp changes are ahead

Now, through several iterations, the economy has become increasingly complex, with less and less redundancy to provide stability. The energy price spike that is being experienced today is a warning that something is very, very wrong. As I see the situation, the trend toward complexity has gone too far; the economic system is starting to break down. Sharp changes appear to be ahead. The world economy is shifting into contraction mode, with more and more parts of the system failing. Continue reading

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Where Energy Modeling Goes Wrong

There are a huge number of people doing energy modeling. In my opinion, nearly all of them are going astray in their modeling because they don’t understand how the economy really operates. The modeling that comes closest to being correct … Continue reading

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The Energy Problem behind Trump’s Election

The energy problem behind Trump’s election is not the one people have been looking for. Instead, it is an energy problem that leads to low wages for many workers in the US, and high unemployment rates in the European Union. … Continue reading

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Drilling Down: Tainter and Patzek tell the energy-complexity story

Joseph Tainter and Tadeusz Patzek are authors of a soon-to-be-released book called Drilling Down: The Gulf Oil Debacle and Our Energy Dilemma. This book is part of Charles Hall’s Briefs in Energy series with the publisher Springer. An earlier book … Continue reading

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