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Recent Posts
- Why Oil Shortages May Bring Lower Prices–and Recession
- China and US Trade Talks: A Solution for Oil Shortages?
- Losing the Iran War May Be the Best Outcome for the World
- A New Explanation for Tariffs and Bombings
- Understanding Deglobalization: The Role of Diesel and Jet Fuel
- 2026: Expect a very uneven world economic downturn
- Too many promises; too few future physical goods
- A lack of very cheap oil is leading to debt problems
- What has gone wrong with the economy? Can it be fixed?
- Sierra Club talk that may be of interest
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Tag Archives: debt defaults
The Problem of Debt as We Reach Oil Limits
(This is Part 3 of my series – A New Theory of Energy and the Economy. These are links to Part 1 and Part 2.) Many readers have asked me to explain debt. They also wonder, “Why can’t we just … Continue reading
Posted in Financial Implications
Tagged Debt, debt bubble, debt defaults, economic contraction, low oil prices, recession
506 Comments
Low Oil Prices Lead to Economic Peak Oil
We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and falls for economic reasons? If this is the issue, it doesn’t … Continue reading
Posted in Financial Implications
Tagged debt defaults, economic growth, limits to growth, oil price, peak oil
225 Comments
Our Investment Sinkhole Problem
We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading
Posted in Financial Implications
Tagged debt defaults, GDP growth, investment, investments, limits to growth, oil price, recession, Saudi Arabia
67 Comments
High-Priced Fuel Syndrome
Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“. High-priced fuel syndrome has a number of symptoms: Slow economic growth, or contraction People in … Continue reading
Posted in Book draft, Financial Implications, Introductory Post
Tagged debt defaults, economic growth, Food prices, high oil price, oil price, recession
192 Comments
