Item of General Interest
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Tag Archives: oil price
How the Economy Works as It Reaches Energy Limits — An Introduction for Actuaries and Others
Why have long-term interest rates generally fallen since 1981? Why have asset prices risen? Can these trends be expected to continue? The standard evaluation approach by actuaries and economists seems to be to look at past patterns and assume that … Continue reading
Posted in Financial Implications
Tagged energy limits, low oil price, oil price, peak oil
1,963 Comments
Why political correctness fails – Why what we know ‘for sure’ is wrong (Ex Religion)
Most of us are familiar with the Politically Correct (PC) World View. William Deresiewicz describes the view, which he calls the “religion of success,” as follows: There is a right way to think and a right way to talk, and also a … Continue reading
Posted in Financial Implications
Tagged climate change, EROEI, EROI, oil limits, oil price, pensions
1,605 Comments
Why political correctness fails – Why what we know ‘for sure’ is wrong
Most of us are familiar with the Politically Correct (PC) World View. William Deresiewicz describes the view, which he calls the “religion of success,” as follows: There is a right way to think and a right way to talk, and also a … Continue reading
Posted in Financial Implications
Tagged climate change, EROEI, EROI, oil limits, oil price, religion
939 Comments
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
2,733 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
