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: oil price
Falling Interest Rates Have Postponed “Peak Oil”
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some … Continue reading
Posted in Financial Implications
Tagged debt growth, interest rates, oil price, oil supply
2,734 Comments
Raising Interest Rates Can’t End Well!
The Federal Reserve would like to raise target interest rates because of inflation concerns and concern that asset bubbles are forming. Part of their concern seems to arise indirectly from the rise in oil prices, relative to their low level … Continue reading
Posted in Financial Implications
Tagged energy affordability, Federal Reserve rate change, oil price
2,229 Comments
Oops! The economy is like a self-driving car
Back in 1776, Adam Smith talked about the “invisible hand” of the economy. Investopedia explains how the invisible hand works as, “In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit … Continue reading
Posted in Financial Implications
Tagged dissipative structure, economic growth, oil price, open system
2,573 Comments
How Researchers Could Miss the Real Energy Story
I have been telling a fairly different energy story from most energy researchers. How could I possibly be correct? What have other researchers been missing? The “standard” approach is to start from the amount of resources that we have of … Continue reading
Posted in Financial Implications
Tagged energy research, EROEI, King Hubbert, low oil price, oil price, peak oil
1,836 Comments
What really causes falling productivity growth — an energy-based explanation
What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth. It is human labor, leveraged by various tools, that leads to productivity growth. These tools are made … Continue reading
