Item of General Interest
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Tag Archives: low oil prices
Low Oil Prices: An Indication of Major Problems Ahead?
Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it … Continue reading
Posted in Financial Implications
Tagged affordability, collapse, economic collapse, low oil prices, peak oil
1,125 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
Why Oil Prices Can’t Bounce Very High; Expect Deflation Instead
Economists have given us a model of how prices and quantities of goods are supposed to interact. Unfortunately, this model is woefully inadequate. It sort of works, until it doesn’t. If there is too little of a product, higher prices … Continue reading
Posted in Financial Implications
Tagged collapse, exports, imports, low oil prices, peak oil, supply and demand
2,280 Comments
Why We Should Be Concerned About Low Oil Prices
Most people assume that oil prices, and for that matter other energy prices, will rise as we reach limits. This isn’t really the way the system works; oil prices can be expected to fall too low, as we reach limits. … Continue reading
Posted in Financial Implications
Tagged economic growth, low oil prices, oil prices, solar panels, wind turbines
2,716 Comments
2017: The Year When the World Economy Starts Coming Apart
Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my … Continue reading
Posted in Financial Implications
Tagged economic collapse, low oil prices, oil prices, peak coal, peak oil, world GDP
1,607 Comments
