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: February 2015
Role of Wages of the Common Worker in Oil Prices, Collapse
In their book Secular Cycles, Peter Turchin and Surgey Nefedov point out the important role falling wages of the common workers played in early collapses. I got to thinking that this might be an issue with our current situation as … Continue reading
The Problem of Debt as We Reach Oil Limits
(This is Part 3 of my series – A New Theory of Energy and the Economy. These are links to Part 1 and Part 2.) Many readers have asked me to explain debt. They also wonder, “Why can’t we just … Continue reading
Posted in Financial Implications
Tagged Debt, debt bubble, debt defaults, economic contraction, low oil prices, recession
506 Comments
Charts showing the long-term GDP-energy tie (Part 2 – A New Theory of Energy and the Economy)
In Part 1 of this series, I talked about why cheap fuels act to create economic growth. In this post, we will look at some supporting data showing how this connection works. The data is over a very long time … Continue reading
Posted in Financial Implications
Tagged Chinese economy, economic growth, GDP growth, oil prices, population growth
380 Comments
