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Reasons for our Energy Predicament – An Overview

Ultimately, the issue is that to extract oil or any fossil fuel, we have to keep the financial and political systems together. These systems can be expected to fail, far before we run out of oil in the ground.

Beginning of the End? Oil Companies Cut Back on Spending

Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat.

Limits to Growth–At our doorstep, but not recognized

How long can economic growth continue in a finite world? This is the question the 1972 book The Limits to Growth by Donella Meadows and others sought to answer.

Why EIA, IEA, and Randers’ 2052 Energy Forecasts are Wrong

What is correct way to model the future course of energy and the economy?...With different approaches, researchers can obtain vastly different indications. I will show that the real issue is most researchers are modeling the wrong limit.

Stumbling Blocks to Figuring Out the Real Oil Limits Story

The story of oil limits is one that crosses many disciplines. It is not an easy one to understand.

High Oil Prices are Starting to Affect China and India

The US Energy Information Administration recently released its report showing oil consumption by country updated through 2012. Based on this report, it appears that at current high oil prices, demand in both China and India is being reduced.

How high oil prices lead to recession

There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price spikes. How does this happen? An analogy can perhaps help explain the situation.

Ten reasons why high oil prices are a problem

A person might think from looking at news reports that our oil problems are gone, but oil prices are still high. In fact, the new “tight oil” sources of oil which are supposed to grow in supply are still expensive to extract. If we expect to have more tight oil and more oil from other unconventional sources, we need to expect to continue to have high oil prices. The new oil may …

2013: Beginning of Long-Term Recession?

We have been hearing a lot about escaping the fiscal cliff, but our problem isn’t solved. The fixes to date have been partial and temporary. There are many painful decisions ahead. Based on what I can see, the most likely outcome is that the US economy will enter a severe recession by the end of 2013.

Energy leveraging: An explanation for China’s success and the world’s unemployment

In a competitive world economy, there is little role for people who need high wages because they live petroleum dependent lifestyles.
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