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Putting the Real Story of Energy and the Economy Together

 What is the real story of energy and the economy? We hear two predominant energy stories.  

The oil glut and low prices reflect an affordability problem

For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices.

The Problem of Debt as We Reach Oil Limits

Many readers have asked me to explain debt. They also ask: Why can’t we just cancel debt and start over? if we are reaching oil limits, and these limits threaten to destabilize the system.

Charts showing the long-term GDP-energy tie

In Part 1 of this series, I talked about why cheap fuels act to create economic growth. In this post, we will look at some supporting data showing how this connection works.

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.

Oil and the Economy: Where Are We Headed in 2015-16?

The price of oil is down. How should we expect the economy to perform in 2015 and 2016?

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. 

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 problem?

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.

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. 
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