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A 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 play an extremely important role in an economic...

Posted January 24, 2015    

Oil and the Economy: Where are we Headed in 2015-16?

Editor's note: Join Energy Collective contributors and energy experts Jesse Jenkins, Elias Hinckley, Jared Anderson, Robert Rapier, Jim Pierobon, and Geoffrey Styles on Monday 1/12/15 at 12pm Eastern for a live Twitter #...

Posted January 8, 2015    

How Increased Inefficiency Explains Falling Oil Prices

Since about 2001, several sectors of the economy have become increasingly inefficient, in the sense that it takes more resources to produce a given output, such as 1000 barrels of oil. I believe that this growing inefficiency explains both slowing...

Posted January 1, 2015    

Ten 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 we have recently been experiencing also be a...

Posted December 10, 2014    

Eight Pitfalls in Evaluating Green Energy Solutions

Does the recent climate accord between US and China mean that many countries will now forge ahead with renewables and other green solutions? I think that there are more pitfalls than many realize.Pitfall 1. Green solutions tend to push us from one...

Posted November 21, 2014    

Oil Price Slide: No Good Way Out

The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or something else that gives...

Posted November 7, 2014    

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 enough–but not too much–oil for the world economy....

Posted October 25, 2014    

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