“Now, I know for a fact that American energy dominance is within our grasp as a nation.” Ryan Zinke, U.S. Secretary of the Interior (source) “All Warfare is Based on Deception” Sun Tzu, “The Art of War” Over nearly a half-century, since the time of Richard Nixon, American presidents have proclaimed the need for “energy independence” for the US, without[Read More...]
Almost everyone seems to believe that our energy problems are primarily oil-related. Electricity will save us. I recently gave a talk to a group of IEEE electricity researchers (primarily engineers) about the current energy situation and how welcoming it is for new technologies. Needless to say, this group did not come with the standard mindset. They wanted to understand what the[Read More...]
In a recent post, Antonio Turiel proposed that the global peak of diesel fuel production was reached three years ago, in 2018. Turiel’s idea is especially interesting since it takes into account the fact that what we call “oil” is actually a wide variety of liquids of different characteristics. The current boom of the extraction of tight oil (known also[Read More...]
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 greater quantities of resources and more advanced technology. This issue is sometimes referred to[Read More...]
Abstract: In the context of growing gap between the demand and the availability of energy and fresh water in India, the close relationship between the usage of energy and water needs a diligent focus for obvious reasons; especially in the context of fast looming Climate Change phenomenon. This nexus has a major impact on various associated issues of the natural[Read More...]
20 years ago, Colin Campbell and Jean Laherrere published an article on “Scientific American” that was to start the second cycle of interest on oil depletion (the first had been started by Hubbert in the 1950s). Their prediction turned out to be too pessimistic, at least in terms of the supply of combustible liquids, still growing today. Yet, it was a valuable[Read More...]
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 these issues. Radical leaders are increasingly being elected.[Read More...]
In the period 1975 – 2018, world population increased at an average of 83 million per year, and reached 7.6 billion in 2018. The increase in 2017 was the difference between approximately 145 million births and 62 million deaths. Despite population growth, the global average daily food supply per person rose from 2440 kilocalories in 1975 to 2940 kilocalories in[Read More...]
After having been awarded the Nobel prize in economics of this year, William Nordhaus has been often presented as some sort of an ecologist (see, e.g. this article on Forbes). Surely, Nordhaus’ work on climate has merit and he is one of the leading world economists who recognize the importance of the problem and who propose remedies for it. On the[Read More...]
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, a global sell off in the equity markets, such as we have started to see[Read More...]
