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resilient communities.

Why oil under $30 per barrel is a major problem

A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it...

2016: Oil Limits and the End of the Debt Supercycle

What is ahead for 2016? Many people have talked about Peak Oil, the Limits to Growth, and the Debt Supercycle without realizing that the underlying problem is really the same–the fact the we are reaching the limits of a finite world.

Gail Tverberg: Something Has Got To Break

Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply.

We are at Peak Oil now; we need very low-cost energy to fix it

We are hitting something similar to “Peak Oil” right now.

Economic Growth: How It Works; How it Fails; Why Wealth Disparity Occurs

Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits.

Why "Supply and Demand" doesn't Work for Oil

A gradual switch to higher-cost energy products, in a sense, works in the opposite direction to a switch from beef to chicken. 

Oops! Low oil prices are related to a debt bubble

Why is the price of oil so low now? In fact, why are all commodity prices so low?

Our Electricity Problem: Getting the Diagnosis Correct

What is really wrong with our energy system, particularly as it relates to electricity and natural gas?

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.