Item of General Interest
Oct. 23 . A new interview by Chris Martenson is now up. He calls it Why There's No Economically Sustainable Price for Oil Anymore.
Tag Archives: low oil prices
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
2,169 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
What has gone wrong with oil prices, debt, and GDP growth?
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want … Continue reading
Posted in Financial Implications
Tagged Debt, economic growth, GDP growth, low oil prices, oil prices
1,637 Comments
The Energy Problem behind Trump’s Election
The energy problem behind Trump’s election is not the one people have been looking for. Instead, it is an energy problem that leads to low wages for many workers in the US, and high unemployment rates in the European Union. … Continue reading
Posted in Financial Implications
Tagged complexity, Donald Trump, election, energy shortage, low oil prices, low wages
1,893 Comments
