Item of General Interest
Oct. 23 . A new interview by Chris Martenson is now up. He calls it Why There's No Economically Sustainable Price for Oil Anymore.
Monthly Archives: August 2011
Natural Gas: The Squeeze at the Bottom of the Resource Triangle
Theoretically, we have a very large amount of resources of many kinds available–oil, natural gas, coal, uranium, gold, fresh water. There is a relatively small amount of high quality, inexpensive-to-extract resources, and we tend to extract those first. From there, … Continue reading
Oil Limits, Recession, and Bumping Against the Growth Ceiling
The issues we are confronted with today seem to be a subset of the issues foretold in the book Limits to Growth back in 1972. At some point, the economy cannot continue to grow as rapidly as it did in the past. … Continue reading
Posted in Financial Implications, Introductory Post
Tagged fossil fuels, limits to growth, oil prices, peak oil, recession
115 Comments
Recession: We are hitting an economic growth ceiling caused by limited cheap oil
People wonder what has been happening recently, with wildly gyrating financial markets and government debt problems. It seems to me that we are bumping up against an economic growth ceiling, brought on by a limited supply of cheap oil. As … Continue reading
Fall of the Soviet Union: Implications for Today
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew; its military program grew; and it became much more industrialized. But … Continue reading
