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WSJ Gets it Wrong on “Why Peak Oil Predictions Haven’t Come True”

Diminishing returns from oil limits are already beginning to hit, but the impacts and the expected shape of the down slope are quite different from those forecast by most Peak Oilers.

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?

Update on US natural gas, coal, nuclear, 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.

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.

Making Sense of the US Oil Story

 What's really going on with US oil production?

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.

Debt: Eight Reasons This Time is Different

Academic researchers Carmen Reinhart and Kenneth Rogoff have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time is Different: A Panoramic View of Eight Centuries of Financial Crises. Their point, of course, is that the same thing happens over and over again. We can learn from past crises to solve our current problems.

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

With diminishing returns, the economy is, in effect, becoming less and less efficient, instead of becoming more and more efficient.

IEA Investment Report - Stumbling on the Real Story

What the IEA has inadvertently stumbled upon is the reason why oil limits are a problem...It looks like there are plenty of resources available and plenty of ways to reduce energy use through mitigation. In fact, it becomes to impossible to finance everything that needs to be done.

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, talking about the crises facing us as we reach energy limits. In this post, I discuss some highlights from a fairly long talk.
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