Tag Archives: peak oil

An Updated Version of the “Peak Oil” Story

The Peak Oil story got some things right. Back in 1998, Colin Campbell and Jean Laherrère wrote an article published in Scientific American called, “The End of Cheap Oil.” In it they said: Our analysis of the discovery and production of oil … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,968 Comments

The real oil limits story; what other researchers missed

For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses and low prices. What is going on that was missed … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 1,243 Comments

Our economic growth system is reaching limits in a strange way

Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 2 shows world economic growth on  a different basis–a basis … Continue reading

Posted in Financial Implications | Tagged , , , , | 1,136 Comments

We are at Peak Oil now; we need very low-cost energy to fix it

This past week, I gave a presentation to a group interested in a particular type of renewable energy–solar energy that is deployed in space, so it would provide electricity 24 hours per day. Their question was: how low does the … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,585 Comments

Why “supply and demand” doesn’t work for oil

The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,389 Comments