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: EROI
Overview of Our Energy Modeling Problem
We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices … Continue reading
Posted in Financial Implications
Tagged Charles Hall, diminishing returns, economic growth, energy modeling, EROEI, EROI, low oil price
589 Comments
Diminishing Returns, Energy Return on Energy Invested, and Collapse
What do diminishing returns, energy return on energy invested (EROI or EROEI), and collapse have to do with each other? Let me start by explaining the connection between Diminishing Returns and Collapse. Diminishing Returns and Collapse We know that historically, … Continue reading
Our Oil Problems are Not Over!
If a person reads US newspapers, it is easy to get the impression that all of the world’s oil problems are over. But this is not really the case. An Overlooked Part of the Problem: High Oil Prices A major … Continue reading
Posted in Book draft, Financial Implications
Tagged energy return on energy invested, EROI, high oil prices, peak oil, recession, tight oil
247 Comments
Energy Products: Return on Investment is Already Too Low
My major point when I gave my talk at the Fifth Biophysical Economics Conference at the University of Vermont was that our economy’s overall energy return on investment is already too low to maintain the economic system we are accustomed … Continue reading
Posted in Financial Implications
Tagged economic growth, energy return, EROEI, EROI, falling wages
242 Comments
Is it really possible to decouple GDP Growth from Energy Growth?
In recent years, we have heard statements indicating that it is possible to decouple GDP growth from energy growth. I have been looking at the relationship between world GDP and world energy use and am becoming increasingly skeptical that such … Continue reading
Posted in Energy policy, Financial Implications
Tagged decouple, EROI, GDP growth, Kyoto Protocol
48 Comments
