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Tag Archives: wage disparity
A lack of very cheap oil is leading to debt problems
The economy needs a strong middle class to maintain the buying power needed to purchase goods such as vehicles, motorcycles, and new homes, to keep the price of oil up. Prices must be both high enough for producers and low enough for consumers. Continue reading
Posted in Financial Implications, Introductory Post, PDFs Available
Tagged EROEI, EROI, limits to growth, low oil prices, wage disparity
1,521 Comments
Reaching the end of offshored industrialization
Moving industrialization offshore can look like a good idea at first. But as fossil fuel energy supplies deplete, this strategy works less well. Countries doing the mining and manufacturing may be less interested in trading. Also, the broken supply lines of 2020 and 2021 showed that transferring major industries offshore could lead to empty shelves in stores, plus unhappy customers. Continue reading
Increased Violence Reflects an Energy Problem
Why are we seeing so much violence recently? One explanation is that people are sympathizing with those in the Minneapolis area who are upset at the death of George Floyd. They believe that a white cop used excessive force in … Continue reading
Posted in Financial Implications
Tagged Covid-19, economic growth, low oil prices, Vitamin D, wage disparity
2,617 Comments
Debunking ‘Lower Oil Supply Will Raise Prices’
We often hear the statement, “When oil supply is lower, oil prices will rise because of scarcity.” Now, we are getting to see firsthand whether oil prices really do rise, as oil supplies become more scarce. Figure 1 shows that … Continue reading
Posted in Financial Implications
Tagged coal prices, energy demand, oil prices, OPEC oil, wage disparity
1,469 Comments
The World’s Fragile Economic Condition – Part 1
Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued … Continue reading
