Sign up | Login with →

Posts by Gail Tverberg Subscribe

WSJ Gets it Wrong on 'Why Peak Oil Predictions Haven't Come True'

On Monday, September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only two possible outcomes:The Peak Oil version of what to expect from oil limits is...

Posted October 10, 2014    

Low Oil Prices: Sign of a Debt Bubble Collapse, Leading to the End of Oil Supply?

Oil and other commodity prices have recently been dropping. Is this good news, or bad?Figure 1. Trend in Commodity Prices since January 2011. Brent spot oil price from EIA; Australian Coal from World Bank Prink Sheet; Food from UN’s FAO.I would...

Posted September 27, 2014    

An Energy-Related Reason Why U.S. Healthcare Outcomes are Awful

Back in January 2013, the US Institute of Medicine published a report called U.S. Health in International Perspective: Shorter Lives, Poorer Health. This poor health outcome for US citizens is in spite of the US spending twice as much as a...

Posted September 12, 2014    

Update on US Natural Gas, Coal, Nuclear, and Renewables

On August 6, I wrote a post called Making Sense of the US Oil Story, in which I looked at US oil. In this post, I would like to look at other sources of US energy. Of course, the energy source we hear most about is natural gas. We continue to be a...

Posted August 28, 2014    

Energy and the Economy: Twelve Basic Principles

There is a standard view of energy and the economy that can briefly be summarized as follows: Economic growth can continue forever; we will learn to use less energy supplies; energy prices will rise; and the world will adapt. My view of how energy...

Posted August 16, 2014    

Making Sense of the US Oil Story

We frequently see stories telling us how well the United States is doing at oil extraction. The fact that there are stories in the press about the US wanting to export crude oil adds to the hype. How much of these stories are really true? If we...

Posted August 8, 2014    

World Oil Production at 3/31/2014: Where are We Headed?

The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years. With world oil production, the trend in oil production looks fairly benign, with the...

Posted July 25, 2014    

Debt: Eight Reasons This Time is Different

In today’s world, we have a huge amount of debt outstanding. Academic researchers Carmen Reinhart and Kenneth Rogart have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time...

Posted July 11, 2014    

Why Standard Economic Models Don't Work: Our Economy is a Network

The story of energy and the economy seems to be an obvious common sense one: some sources of energy are becoming scarce or overly polluting, so we need to develop new ones. The new ones may be more expensive, but the world will adapt. Prices will...

Posted June 28, 2014    

IEA Investment Report: What is Right, What is Wrong

Recently, the IEA published  a “Special Report” called World Energy Investment Outlook. Lets’s start with things I agree with:1. World needs $48 trillion in investment to meet its energy needs to 2035. This is certainly true, if we assume...

Posted June 13, 2014    

Converging Energy Crises, And How our Current Situation Differs from the Past

At the Age of Limits Conference, I gave a talk called Converging Crises (PDF), talking about the crises facing us as we reach energy limits. In this post, I discuss some highlights from a fairly long talk.A related topic is how our current...

Posted June 7, 2014    

The Connection Between Oil Prices, Debt Levels, and Interest Rates

If oil is “just another commodity,” then there shouldn’t be any connection between oil prices, debt levels, interest rates, and total rates of return. But there clearly is a connection.On one hand, spikes in oil prices are connected with recessions...

Posted May 23, 2014