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- Affordability, Not Scarcity, Is the Real Energy Crisis
- Why Oil Shortages May Bring Lower Prices–and Recession
- China and US Trade Talks: A Solution for Oil Shortages?
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- A New Explanation for Tariffs and Bombings
- Understanding Deglobalization: The Role of Diesel and Jet Fuel
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- Too many promises; too few future physical goods
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Tag Archives: oil demand
Why oil prices don’t rise to consistently high levels
The supply and demand model of economists suggests that oil prices might rise to consistently high levels, but this has not happened yet: In my view, the economists’ model of supply and demand is overly simple; its usefulness is limited … Continue reading
Posted in Energy policy, Financial Implications
Tagged oil demand, peak oil, physics of the economy
1,589 Comments
Why stimulus can’t fix our energy problems
Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook: There is no substitute for energy. It is possible to harness energy … Continue reading
Posted in Financial Implications
Tagged economic models, inadequate demand, oil demand, oil price, peak oil
880 Comments
Our Latest Oil Predicament
It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks scenario. US crude oil … Continue reading
Posted in Financial Implications
Tagged oil demand, oil glut, oil prices, oil storage, recycling
2,023 Comments
$50 Oil Doesn’t Work
$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful? I would argue that it … Continue reading
