Tag Archives: renewable energy

The economy is moving from a tailwind pushing it along to a headwind holding it back

When the Crisis Stage occurs, there are fewer goods and service per capita to go around, so some members of the world economy must come out behind. Conflict of all kinds becomes more likely. Political leaders, if they happen to discover the predicament the world economy is in, have little interest in making the predicament known to voters, since doing so would likely lead them to lose the next election.

Instead, the way the physics-based self-organizing economic system works is that alternative narratives that frame the situation in a less frightening way gain popularity. Political leaders may not even be aware of how dependent today’s economy is on fossil fuels. Researchers may not be aware that their “scientific” models are misleading because they look at too small a portion of the overall system and make unwarranted assumptions. Continue reading

Posted in Alternatives to Oil, Energy policy, Financial Implications | Tagged , , , , | 3,874 Comments

Scientific Models and Myths: What Is the Difference?

Most people seem to think, “The difference between models and myths is that models are scientific, and myths are the conjectures of primitive people who do not have access to scientific thinking and computers. With scientific models, we have moved … Continue reading

Posted in Financial Implications | Tagged , , , , , | 1,598 Comments

Rethinking Renewable Mandates

Powering the world’s economy with wind, water and solar, and perhaps a little wood sounds like a good idea until a person looks at the details.¬†The economy can use small amounts of wind, water and solar, but adding these types … Continue reading

Posted in Energy policy | Tagged , , , , | 1,461 Comments

Why it (sort of) makes sense for the US to impose tariffs

Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?” As long as the world economy is growing rapidly, it makes sense for countries to cooperate with … Continue reading

Posted in Financial Implications | Tagged , , , , | 1,341 Comments

Electricity won’t save us from our oil problems

Almost everyone seems to believe that our energy problems are primarily oil-related. Electricity will save us. I recently gave a talk to a group of IEEE¬†electricity researchers (primarily engineers) about the current energy situation and how welcoming it is for … Continue reading

Posted in Financial Implications | Tagged , , , , | 2,042 Comments