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Articles: recession (9)

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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 …

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...

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.

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.

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 …

Former BP geologist: peak oil is here and it will 'break economies'

Industry expert warns of grim future of 'recession' driven 'resource wars' at University College London lecture.

Deficit Reduction = Recession

The math is not difficult. The US has an annual GDP of $14 trillion, and the nation’s current $1 trillion in annual deficit spending is seven percent of its GDP. Growth in GDP has recently been running at about two percent annually (though in the last quarter of 2012 the economy actually …

How “Different” is the Recovery from the Financial Crisis?

The slow recovery from the financial crisis and recession of 2007 – 2009 has become a centerpiece of the Presidential election. In last Tuesday’s debate, Mitt Romney, picking up on a theme that has been emphasized by John Taylor, contrasted the current slow recovery with the much …

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