I wrote a post last week called Steep oil decline or slow oil decline? Since writing it, I had some additional thoughts on the subject, on reasons to expect a steep decline rather than a slow decline.
Furthermore, my article What’s behind United States budget problems? got me to thinking about the reasons for declining employment. In this post, I also try to explain the connection between declining EROEI , declining demand for oil, and lower employment. I explain why free trade with China and India tends to make the employment problem worse and increase global CO2 emissions. It also increases the chance of collapse in the developed world. Continue reading