Item of General Interest
See my page PDFs of Posts for a list of printable posts (without comments) since 2014. At the bottom of the Page, a list of PDFs of Presentations is also shown.
Tag Archives: recession
Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not functioning … Continue reading
Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This … Continue reading
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
A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it: 1. Oil … Continue reading