Item of General Interest
July 25. I received notice today that an article I helped write is available for free download for the next fifty days. The corrected free link for the article is "An Oil Production Forecast for China Considering Economic Limits." The article discusses the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario (prices remain under $50 per barrel), oil production in China has already peaked.
Tag Archives: employment
Evidence that Oil Limits are Leading to Declining Economic Growth
The usual assumption that economists, financial planners, and actuaries make is that future real GDP growth can be expected to be fairly similar to the average past growth rate for some historical time period. This assumption can take a number … Continue reading
Posted in Financial Implications
Tagged employment, GDP, GDP growth, oil consumption, oil supply, peak oil, real GDP
56 Comments
Planning for Higher Food and Energy Prices, and their Wider Impacts
Over the years, we have become accustomed to a rising standard of living. One of things that has helped this happen is a gradually declining ratio of food costs to total personal expenditures. Energy costs have not followed as clear … Continue reading
Posted in Financial Implications, Planning for the Future
Tagged employment, Food prices, oil prices
27 Comments
The Oil – Employment Link, Part 1
I am giving another presentation, which I want to share with you as two posts. The first post is my analysis of the problem. The second post is more about the ramifications, and my view of what might be done. … Continue reading
