Item of General Interest
Jan. 26. I added a new interview with Mo Dawoud of WallStforMainSt.com called "Why Low Oil Prices Won't Help the Economy" on my Presentations/Podcasts Page.
I also added a new Collapse Cafe Panel Discussion on the same page. It is available both as a YouTube video and a mp3 audio only recording.
Tag Archives: oil price
We all know one thing that Greece, Cyprus, and Puerto Rico have in common–severe financial problems. There is something else that they have in common–a high proportion of their energy use is from oil. Figure 1 shows the ratio of … Continue reading
When forecasting how much oil will be available in future years, a standard approach seems to be the following: Figure out how much GDP growth the researcher hopes to have in the future. “Work backward” to see how much oil … Continue reading
What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute … Continue reading
How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and debt play an extremely important role in … Continue reading