Item of General Interest
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Tag Archives: peak oil
Why stimulus can’t fix our energy problems
Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook: There is no substitute for energy. It is possible to harness energy … Continue reading
Posted in Financial Implications
Tagged economic models, inadequate demand, oil demand, oil price, peak oil
880 Comments
How the Peak Oil story could be “close,” but not quite right
A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out. They were concerned about high oil prices and a possible need for rationing. The story was often called “Peak Oil.” Peak … Continue reading
Posted in Financial Implications
Tagged EROEI, EROI, limits to growth, M. King Hubbert, oil prices, peak oil
1,605 Comments
Low Oil Prices: An Indication of Major Problems Ahead?
Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it … Continue reading
Posted in Financial Implications
Tagged affordability, collapse, economic collapse, low oil prices, peak oil
1,595 Comments
Why we get bad diagnoses for the world’s energy-economy problems
The world economy seems to be seriously ill. The problem is not overly high oil prices, but that does not rule out energy as being a major underlying problem. Two of the symptoms of the economy’s malaise are slow wage … Continue reading
Posted in Financial Implications
Tagged debt bubble, economic models, limits to growth, oil price, peak oil
2,136 Comments
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
