Item of General Interest
Oct. 1 There are now two versions of my political correctness post. The new version excludes the discussion of religion; the first version included discussion of some items related to religion. It is difficult to discuss the two topics together. The new post is more from an engineer’s perspective.
Tag Archives: oil demand
$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
The real oil limits story; what other researchers missed
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses and low prices. What is going on that was missed … Continue reading
Posted in Financial Implications
Tagged EROEI, Harold Hotelling, M. King Hubbert, oil demand, oil limits, oil price, peak oil
1,243 Comments
Why oil under $30 per barrel is a major problem
A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it: 1. Oil … Continue reading
Posted in Financial Implications
Tagged low oil prices, oil demand, oil production, oil supply, recession
2,298 Comments
Why “supply and demand” doesn’t work for oil
The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of … Continue reading
Posted in Financial Implications
Tagged debt defaults, low oil prices, oil demand, oil production, peak oil, supply and demand
1,389 Comments
Low Oil Prices: Why Worry?
Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked … Continue reading
Posted in Financial Implications
Tagged debt defaults, demographics, limits to growth, low oil prices, oil demand, peak oil, recession
1,093 Comments
