The World in 2018 – Part Four

In the modern world, our perceptions of reality are largely shaped by economic and financial considerations, and our policy conversations are largely built around intellectual categories and evaluative criteria that pertain to the economics discipline. Yet a long-term view shows that ‘The world in 2018’ is in a significantly different place than what economists typically claim, and than what many of us want to believe.

The Science of Peak Oil

One of the many barbs often pointed at peak oil proponents is that they are constantly shifting the goal posts. Peak oilers are accused of changing the definition of what peak oil actually means, therefore the entire concept of oil production peaking is rubbish. Far from a valid criticism however, this is actually a scientific virtue.