Tag Archives: recession

An Updated Version of the “Peak Oil” Story

Posted on August 8, 2016 by

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 →

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Why oil under $30 per barrel is a major problem

Posted on January 19, 2016 by

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 →

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Low Oil Prices: Why Worry?

Posted on September 29, 2015 by

Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked … Continue reading →

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Deflationary Collapse Ahead?

Posted on August 26, 2015 by

Both the stock market and oil prices have been plunging. Is this “just another cycle,” or is it something much worse? I think it is something much worse. Back in January, I wrote a post called Oil and the Economy: Where … Continue reading →

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How Economic Growth Fails

Posted on August 10, 2015 by

We all know generally how today’s economy works: Our economy is a networked system. I have illustrated it as being similar to a child’s building toy. Ever-larger structures can be built by adding more businesses and consumers, and by using … Continue reading →

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