Consumption & Demand

Future of food in Japan

by

One concern is how import-dependent Japan might cope with the advent of the peak of oil production and a possible oil price crunch. Paul Stevens at Chatham House, one of the world’s leading think tanks, argued in 2008 that an oil crunch could occur when the oil price goes over US$200 per barrel with severe macro-economic impacts….While other reports place the peak of world oil production at a later date between 2015 and 2020, the timing is academic when considered in the context of whether Japan would have the time to respond effectively in terms of reorganizing its entire food system.

Why are gas prices high?

by

Gas prices are going up again, resulting in a lot of discussion by people who don’t normally think about the oil markets, and therefore aren’t necessarily that well informed about the subject. As a certified oil-obsessive these last seven years, I thought I’d put up a “cheat sheet” with just the key graphs that would allow you to understand the major forces that affect the behavior of gas prices over time.

Why oil prices are so high: Production shortfall, Iran concerns, and low interest rates

by

Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: “Stalled out” growth in world oil supply, concerns about Iran, and artificially low interest rates. In my view, the biggest contributor to high oil prices is the first one–stalled out oil supply. At this point, the interaction between oil demand and oil supply does not work in the way most people expect it would. Even if the price of oil rises, world oil production doesn’t increase by very much, if at all.

Why do political and economic leaders deny Peak Oil and Climate Change?

by

Until a miracle happens, scientists and some enlightened policy makers are trying to extend the age of oil, reduce greenhouse gases, and so on. But with the downside of Hubbert’s curve so close, and the financial system liable to crash again soon given the debt and lack of reforms, I don’t know how long anyone can stretch things out.

How is the Sharing economy different from the Anarchy economy?

by

The Sharing economy is quickly becoming a diluted term, just like ‘sustainable” and ‘all natural”. If “sharing” means “make some side cash”, let’s call it what it really is. It is a way to raise cash using owned assets (a room, a car, a wheelbarrow, etc.) that boomerang back to the rightful owner at some point.

Money and energy scarcity (review of Fleeing Vesuvius, Part 3)

by

The second part of Fleeing Vesuvius is entitled “Innovation in business, money and finance.” It draws on the main theme of Part I, describing how the current economic crisis is a direct result of fossil fuel scarcity and spiking energy costs. The second section focuses on the link between energy availability and money.