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 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: investment
A few years ago, I had an ah-ha moment when it comes to what we as humans would need to do to live in a sustainable manner. It is very easy. All we have to do is leave our homes, … Continue reading
If an economy is growing, it is easy to add debt. The additional growth in future years provides money both to pay back the debt and to cover the additional interest. Promotions are common and layoffs are few, so a … Continue reading
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
The world has many ideas for solving our energy shortfall, but they all seem to involve investment: Drill for more oil and gas; Develop alternative energy sources; Build more efficient gas-powered cars or electric cars; Fix homes and offices so … Continue reading