Source: Our Finite World | Exploring how oil limits affect the economy

Articles from this source (3)

Ten Things that Change without Fossil Fuels

  2023-12-15 in Our Finite World | Exploring how oil limits affect the economy

If losing fossil fuels completely, or nearly completely, is a risk for some of the world's population, it is useful to understand what is likely to change.

  Tagged under: Fossil Fuels

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The world’s self-organizing economy can be expected to act strangely, as energy supplies deplete

  2022-07-28 in Our Finite World | Exploring how oil limits affect the economy

It is my view that when energy supply falls, it falls not because reserves "run out." It falls because economies around the world cannot afford to purchase goods and services made with energy products and using energy products in their operation. It is really a price problem. The world economy we know today is, in fact, a self-organizing system operating under the laws of physics. With less energy, it will start "coming apart." World trade will increasingly falter. Fossil fuel prices will be volatile, but not necessarily very high. These issues will lead to a very strangely behaving world economy in the months and years ahead.

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Limits to Green Energy Are Becoming Much Clearer

  2022-02-09 in Our Finite World | Exploring how oil limits affect the economy

Experience in Europe and Asia is showing that renewables cannot be expected to play a very large part in the economy. Modelers did not understand how the economy really works. The cutoff from inadequate fuels for backup electricity comes very quickly. The modelers who prepared the 1972 analysis The Limits to Growth were right. The limit we are hitting is the need for too much investment in many area simultaneously.

  Tagged under: Renewable Energy | Electricity

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