Eight Pieces of Our Oil Price Predicament
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide...
View ArticleTen Reasons Why a Severe Drop in Oil Prices is a Problem
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be a problem? In particular, how can the steep drop in oil prices...
View ArticleOil and the Economy: Where are We Headed in 2015-16?
The price of oil is down. How should we expect the economy to perform in 2015 and 2016? Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten...
View ArticleA new theory of energy and the economy – Part 1 – Generating economic growth
How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and debt...
View ArticlePutting the Real Story of Energy and the Economy Together
What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the...
View ArticleOverview of Our Energy Modeling Problem
We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low...
View ArticleHow Economic Growth Fails
We all know generally how today’s economy works: Figure 1 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...
View ArticleHow Researchers Could Miss the Real Energy Story
I have been telling a fairly different energy story from most energy researchers. How could I possibly be correct? What have other researchers been missing? The “standard” approach is to start from the...
View ArticleHow the Economy Works as It Reaches Energy Limits — An Introduction for...
Why have long-term interest rates generally fallen since 1981? Why have asset prices risen? Can these trends be expected to continue? The standard evaluation approach by actuaries and economists seems...
View ArticleToday’s Energy Predicament – A Look at Some Charts
Today’s energy predicament is a strange situation that most modelers have never really considered. Let me explain some of the issues I see, using some charts. [1] It is probably not possible to reduce...
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