Tag Archives: oil supply

The bumpy road ahead for the world economy

Posted on May 4, 2023 by Gail Tverberg

The path ahead looks very bumpy. The US is likely to be kicked out of its role as global hegemon. Rival countries may choose to attack the US with nuclear weapons, or the US may lash out with nuclear weapons as it sees its hegemony fail. Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , | 4,101 Comments

The Fed Cannot Fix Today’s Energy Inflation Problem

Posted on April 5, 2023 by Gail Tverberg

I expect that the rich countries of the world, including the US, Europe, and Japan, are in line to be adversely affected by high interest rates this time. With their high levels of complexity, they are among the most vulnerable to disruption when there is not enough oil to go around.
The problem I see is that rich countries expect to maintain service economies that are fed by huge streams of manufactured goods and raw materials from poorer countries. This pattern appears unsustainable to me, in a world with falling exports because of energy problems.
Continue reading →

Posted in Financial Implications, News Related Post, oil shortages | Tagged , , , , | 4,007 Comments

Seven Reasons Why We Should Not Depend on Imported Goods from China

Posted on June 12, 2019 by Gail Tverberg

It seems to me that the situation in China is far different from what most people think it is. Even if we would like to depend on China, we really cannot. Reason 1. When we depend on goods from China, … Continue reading →

Posted in Financial Implications | Tagged , , , | 890 Comments

Will the World Economy Continue to “Roll Along” in 2018?

Posted on January 9, 2018 by Gail Tverberg

Once upon a time, we worried about oil and other energy. Now, a song from 1930 seems to be appropriate: Today, we have a surplus of oil, which we are trying to use up. That never happened before, or did … Continue reading →

Posted in Financial Implications | Tagged , , , , | 2,782 Comments

Falling Interest Rates Have Postponed “Peak Oil”

Posted on June 12, 2017 by Gail Tverberg

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 , , , | 2,733 Comments