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: Liebig’s Law of the Minimum
Why I Don’t Believe Randers’ Limits to Growth Forecast to 2052
Jorgen Randers published a book in 2012 called 2052: A Global Forecast for the Next 40 Years. A note on the front says, “A report to the Club of Rome, Commemorating the 40th Anniversary of The Limits to Growth.” If we … Continue reading
Posted in Financial Implications
Tagged 2052, Jorgen Randers, Liebig's Law of the Minimum, limits to growth
291 Comments
Steep oil decline or slow oil decline?
Someone wrote asking the following question: Dear Gail, I have been reading quite a bit about peak oil recently. I get the impression (not based on data) that at some point there will be a quite steep decline in oil … Continue reading
Posted in Financial Implications, Oil and Its Future
Tagged EROEI, EROI, fossil fuels, Hubbert, Hubbert Curve, Liebig's Law of the Minimum
25 Comments
How is an oil shortage like a missing cup of flour?
If I bake a batch of cookies and the recipe calls for two cups of flour, but I have only one, it is pretty clear that I can’t bake a full batch of cookies. All I can make is half … Continue reading
Posted in Alternatives to Oil, Financial Implications
Tagged Liebig's Law of the Minimum, oil shortages
28 Comments
