Our Finite World

All posts for Our Finite World

Low Oil Prices: An Indication of Major Problems Ahead?

Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it tends to require the use of gr ...

Gail Tverberg

Posted 1 month agoOpinion > oil priceOur Finite WorldGail Tverberg +1

Our Finite World: Why We Get Bad Diagnoses for the World’s Energy-Economy Problems

The world economy seems to be seriously ill. The problem is not overly high oil prices, but that does not rule out energy as being a major underlying problem. Two of the symptoms of the economy's malaise are slow wage growth and increasing wage disparity. Tariffs are being added as solutions to th ...

Gail Tverberg

Posted 2 months agoOpinion > Our Finite WorldGail TverbergEnergy +4

Our Finite World: The World’s Fragile Economic Condition – Part 2

The world economy can appear to be operating quite well but can be hiding a major problem that causes it to be fragile. My presentation  The World's Fragile Economic Condition (PDF) explains why we should expect financial problems if energy consumption stops growing sufficiently rapidly. In fact ...

Gail Tverberg

Posted 3 months agoOpinion > Our Finite WorldGail Tverbergeconomy +3

Our Finite World: The World’s Fragile Economic Condition – Part 1

Posted on September 23, 2018 by Gail Tverberg Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the ne ...

Gail Tverberg

Posted 3 months agoOpinion > Gail TverbergOur Finite WorldOil +3

Introduction to the “World’s Fragile Economic Condition”

I will be giving a presentation to a group of casualty actuaries on September 17 called “The World's Fragile Economic Condition.” I plan to write up the presentation in two posts, one covering the first three of the six sections of the presentation, and the second one covering the second three sect ...

OilVoice Press - OilVoice

Posted 4 months agoOpinion > Our Finite WorldGail TverbergEnergy

How Energy Shortages Really Affect the Economy

Many people expect energy shortages to lead to high prices. This is based on their view of what “running out” of oil might do to the economy. In this post, I look at historical data surrounding inadequate energy supply. I also consider some of the physics associated with the situation. I see a str ...

Gail Tverberg

Posted 4 months agoOpinion > Our Finite WorldGail TverbergEnergy +6

Supplemental Energy Puts Humans In Charge

Energy is a subject that is greatly misunderstood. Its role in our lives is truly amazing. We humans are able to live and move because of the energy that we get from food. We count this energy in calories. Green plants are also energy dependent. In photosynthesis, plants use energy from the sun to ...

Gail Tverberg

Posted 5 months agoOpinion > EnergyGail TverbergOur Finite World +2

Researchers have been underestimating the cost of wind and solar

How should electricity from wind turbines and solar panels be evaluated? Should it be evaluated as if these devices are stand-alone devices? Or do these devices provide electricity that is of such low quality, because of its intermittency and other factors, that we should recognize the need for sup ...

Gail Tverberg

Posted 1 year agoOpinion > Gail TverbergOur Finite Worldwind power +1

The Next Financial Crisis Is Not Far Away

Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it would take place. The answer I had for the group is that we should expect financial collapse quite soon–per ...

Gail Tverberg

Posted 1 year agoOpinion > Our Finite WorldFinance

Why Energy-Economy Models Produce Overly Optimistic Indications

I was asked to give a talk to a committee of actuaries who are concerned about modeling the financial future of programs, such as pension plans, given the energy problems that are often discussed. They (and the consultants that they hire) have been using an approach that puts problems far off into ...

Gail Tverberg

Posted 1 year agoOpinion > Gail TverbergOur Finite World