oil limits

A New Theory of Energy and the Economy, Part 3: The Problem of Debt as We Reach Oil Limits

February 13, 2015 by Gail Tverberg

Debt and Oil Limits

In some sense, debt and other promises are what hold together our networked economy. Debt and other promises allow division of labor, because each person can “pay” the others in the group for their labor with a promise of some sort, rather than with an immediate payment in goods.[read more]

Oil Limits and Climate Change: How They Fit Together

April 14, 2014 by Gail Tverberg

Climate Change and Oil

We hear a lot about climate change, especially now that the Intergovernmental Panel on Climate Change (IPCC) has recently published another report. At the same time, oil is reaching limits, and this has an effect as well. How do the two issues fit together?[read more]

Oil Limits and the Economy: One Story, Not Two

March 22, 2014 by Gail Tverberg

World Oil Supply and Energy

The two big stories of our day are our economic problems and our oil-related problems. While the press treats these issues as separate stories, they are in fact very closely connected, related to the fact that we are reaching limits in many different directions simultaneously.[read more]

Reasons for our Energy Predicament: An Overview

March 6, 2014 by Gail Tverberg

Energy Predicament

Ultimately, the issue of our current energy predicament is that to extract oil or any fossil fuel, we have to keep current financial and political systems together. These systems can be expected to fail, far before we run out of oil in the ground.[read more]

Discontinuity Ahead: Oil Limits Will Adversely Affect the Economy

September 20, 2013 by Gail Tverberg

Oil Limits and the Economy

What will the world economy be like ten years from now? Or fifty years from now? Is it something that we can forecast by looking at the past, assuming that past tends will continue? Most economists today seem to think we can rely heavily on past patterns.[read more]