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energy economics

Why We Have an Oversupply of Almost Everything, From Oil to Labor to Capital

May 9, 2015 by Gail Tverberg

Supply and Risk

Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to Growth, a situation modeled in 1972 in a book by that name. What happens is that economic growth eventually runs into limits.[read more]

Putting the Real Story of Energy and the Economy Together

April 17, 2015 by Gail Tverberg
11

Workers and Energy Economics

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 economy. We can simply substitute other forms of energy, or do without.[read more]

The Decoupling of Energy, Carbon, and GDP in the United States

March 20, 2015 by Cutler Cleveland
8

Decoupling and Energy Economics

The recent announcement by the International Energy Agency that CO2 emissions fell in 2014 while GDP expanded was welcome news. The decoupling of carbon and economic activity has been a steady trend for a long time in the United States.[read more]

Is This the Key to Australia's Economic and Environmental Success?

March 11, 2015 by Nigel Morris

I stumbled across an annual report called the Global Energy Architecture Performance Index, produced by the World Economic Forum. It pulls together an array of data, opinion and information and produces an index for decision-makers to “holistically benchmark a nations’ energy systems performance.”[read more]

Role of Wages of the Common Worker in Oil Prices, Collapse

February 27, 2015 by Gail Tverberg
1

Wages and Oil Prices

In their book Secular Cycles, Peter Turchin and Surgey Nefedof point out the important role falling wages of the common workers played in early collapses. I got to thinking that this might be an issue with our current situation as well, including the low level of oil prices.[read more]

Oil Import Dependence Not Aways Economic Disadvantage, Study Finds  

February 27, 2015 by Roman Kilisek
4

Oil Dependence and Economics

According to research by the Cologne Institute for Economic Research energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study finds that conclusion simplistic and points out that energy security depends on open and integrated markets.[read more]

Shale Boom: Impacts in the U.S. and Beyond

February 21, 2015 by Joseph Nyangon

The unconventional oil and gas boom has shaken up energy markets in the U.S. and beyond. Across many American states, the energy sector is experiencing a number of changes far larger than in its history including improvements in policies, business models, technologies, and investment options.[read more]

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
3

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]

A New Theory of Energy and the Economy, Part 2: Showing the Long-Term GDP-Energy Tie

February 6, 2015 by Gail Tverberg
42

Energy and Gross Domestic Product

Economies that can leverage their human energy with inexpensive supplemental energy gain an advantage over other economies. If this energy becomes high cost, we will see that countries lose their advantage over other countries, and their economic growth rate slows.[read more]

A New Theory of Energy and the Economy, Part 1: Generating Economic Growth

January 24, 2015 by Gail Tverberg
6

Energy Economics and 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 play an extremely important role in an economic system.[read more]

Keeping PACE in Texas: Revitalizing Industry, Saving Water, Guiding Better Policy

January 23, 2015 by Kate Zerrenner

Texas and PACE

As the Texas legislative session begins ramping up, I'm reminded of policies from that holistically benefited Texas, had bipartisan support, and brought unlikely allies together. It’s important to remember that no matter the politics, clean energy solutions make sense for Texas – economically and environmentally.[read more]

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An Economic Argument for a Tax on Methane

January 22, 2015 by Nathan Ratledge
1

Taxing methane leakage in the oil and gas sector, as opposed to forthcoming technology regulations, is more economically efficient. A policy that offsets taxes revenue elsewhere - from income or corporate taxes - should be considered.[read more]

Oil Price Crash Shows the Challenge of Breaking Addiction

January 21, 2015 by Severin Borenstein
7

Oil Addiction and Price Collapse

The price of crude oil has fallen more than 50% since summer and drivers are responding exactly as economists would predict. Americans are driving more, the market for SUVs is roaring again and the average fuel economy of new cars sold is declining after years of increases.[read more]

Friday Energy Facts: Market Expectations of Oil Price Uncertainty have Increased in Recent Months

January 16, 2015 by U.S. EIA: Today in Energy

Oil Price Uncertainty

December was the sixth consecutive month in which monthly average Brent crude oil prices decreased. The December price decline, and its continuation into early January, reflects continued growth in U.S. tight oil production, strong global supply, and weakening outlooks for the global economy and oil demand growth.[read more]

Center for the New Energy Economy Looks Back at the 2014 State Legislative Sessions

December 23, 2014 by Tom Plant

Each year, the Center for the New Energy Economy publishes an overview of legislative trends in the advanced energy sector from state legislatures across the country. In looking at 2014, the Center found a total of 437 bills that made it into law in a variety of categories relevant to advanced energy.[read more]