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Tag Archives: high oil prices
The World’s Fragile Economic Condition – Part 1
Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued … Continue reading
How energy shortages really affect the economy
Many people expect energy shortages to lead to high prices. This is based on their view of what “running out” of oil might do to the economy. In this post, I look at historical data surrounding inadequate energy supply. I … Continue reading
Posted in Financial Implications
Tagged debt bubble, high oil prices, oil prices, wage disparity, World War I
1,989 Comments
Why oil prices can’t rise very high, for very long
Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren’t really very high, if a person looks at the … Continue reading
Posted in Financial Implications
Tagged economic growth, GDP growth, high oil prices, oil prices
1,703 Comments
Why the Standard Model of Future Energy Supply Doesn’t Work
The most prevalent view regarding future oil supply, as well as total energy supply, seems to be fairly closely related to that expressed by Peak Oilers. Future fossil fuel supply is assumed to be determined by the resources in the … Continue reading
Posted in Financial Implications
Tagged EROEI, EROI, high oil prices, low oil prices, peak oil
1,124 Comments
A Video Game Analogy to Our Energy Predicament
The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without too many adverse consequences to particular members of the … Continue reading
Posted in Financial Implications
Tagged debt levels, economic growth, EROEI, high oil prices
2,300 Comments
