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diminishing returns

Diminishing Returns, Energy Return on Energy Invested, and Collapse

December 9, 2013 by Gail Tverberg

Diminishing Returns

We know that historically, many economies that have collapsed were ones that have hit “diminishing returns” with respect to human labor–that is, new workers added less production than existing workers were producing (on average).[read more]

Why IEA Oil Forecast is Unrealistically High

November 15, 2012 by Gail Tverberg

The International Energy Agency forecasts that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030. What the forecasts ignore is the problem of diminishing returns.[read more]