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Tag Archives: oil
World Energy Consumption Since 1820 in Charts
Figure 1 shows the huge increase in world energy consumption that has taken place in roughly the last 200 years. This rise in energy consumption is primarily from increased fossil fuel use. With energy consumption rising as rapidly as shown … Continue reading
Why High Oil Prices Are Now Affecting Europe More Than the US
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading
Posted in Financial Implications
Tagged Brent, debt defaults, diesel, Europe, Eurozone, fossil fuel, gasoline, imported oil, natural gas, oil, oil prices, peak oil, petroleum, recession, West Texas Intermediate, WTI
75 Comments
The Most Important Resource for Our Future: Inexpensive Oil (but its not really available)
Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to talk about changing to some other fuel, but the practicalities … Continue reading
Posted in Financial Implications, Introductory Post
Tagged crude oil, debt defaults, economic growth, oil, oil consumption, oil limits, oil supply, petroleum, recession
64 Comments
Where do continued high oil prices lead us?
We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11 of US recessions since World War II have been associated with oil price spikes. But … Continue reading
Posted in Financial Implications, Planning for the Future
Tagged fossil fuels, high oil prices, oil, oil prices, oil supply, recession, renewables
67 Comments
Recession: We are hitting an economic growth ceiling caused by limited cheap oil
People wonder what has been happening recently, with wildly gyrating financial markets and government debt problems. It seems to me that we are bumping up against an economic growth ceiling, brought on by a limited supply of cheap oil. As … Continue reading
