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: Joseph Tainter
Does it make a difference if our models of energy and the economy are overly simple? I would argue that it depends on what we plan to use the models for. If all we want to do is determine approximately … Continue reading
This is a guest post by Ugo Bardi. This post previously appeared at his English language blog, Casandra’s Legacy. Joseph Tainter’s interpretation of the cause of the collapse of civilisations is that social structures generate negative returns when they become … Continue reading