Building a world of
resilient communities.

Low Oil Prices - Why Worry?

The Peak Oil story we have been told is wrong. The collapse in oil production comes from oil prices that are too low, not too high.

How our energy problem leads to a debt collapse problem

In this post, I show some longer-term time series relating to energy growth, GDP growth, and debt growth–going back to 1820 in some cases–that help us understand our situation better.

Deflationary Collapse Ahead?

Both the stock market and oil prices have been plunging. Is this “just another cycle,” or is it something much worse? I think it is something much worse.

How Economic Growth Fails

Our economy is like a pump that works increasingly slowly over time, as diminishing returns and other adverse influences affect its operation. Eventually, it is likely to stop.

Nine Reasons Why Low Oil Prices May “Morph” Into Something Much Worse

Why are commodity prices, including oil prices, lagging? Ultimately, the question comes back to, “Why isn’t the world economy making very many of the end products that use these commodities?”

What Greece, Cyprus, and Puerto Rico Have in Common

We all know one thing that Greece, Cyprus, and Puerto Rico have in common–severe financial problems. There is something else that they have in common–a high proportion of their energy use is from oil.

BP Data Suggests We Are Reaching Peak Energy Demand

The real situation is that we right now seem to be reaching peak energy demand through low commodity prices. I see evidence of this in the historical energy data recently updated by BP...

Why EIA, IEA, and BP Oil Forecasts are Too High

EIA, IEA, and BP forecasts miss the issue of low prices, and what they do to the possibility of future oil production. We get lulled into thinking that current prices are almost high enough, but they really are not. Companies really need to have enough funds on a cash flow basis, and on this basis they seem to need about $130 per barrel now, and more later. The likelihood of getting prices up …

Cuba: Figuring Out Pieces of the Puzzle

Cuba is an unusual country that has been followed by many peak oilers. I recently visited there. I also followed my usual practice of looking up data from Internet sources about what is happening. I summarize my findings in this article.

Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.)

Glut of Capital and Labor Challenge Policy Makers: 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...