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The World Economy Is Becoming Unglued; Models Miss Real-World Behavior
A common belief is that if the world does not have adequate energy, the result will be high prices. These high prices will allow more fossil fuels to be extracted or will allow renewables to...
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Fossil Fuel Imports Are Already Constrained
For many years, there has been a theory that imports of oil would become a problem before there was an overall shortage of fossil fuels. In fact, when I look at the data, it seems to be clear that oil...
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Can India come out ahead in an energy squeeze?
I was recently asked to be a keynote speaker for World Management Conference (WMC 2023) in Patna, India. The academic group that asked me to speak was particularly concerned about Complexity and...
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Today’s energy bottleneck may bring down major governments
Recently, I explained the key role played by diesel and jet fuel. In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply of these types of fuels, and...
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Running Short of Tailwinds for the Economy
Tailwinds often make jet planes fly faster than they would regularly fly. In this post, I talk about economic tailwinds that help the economy grow more quickly. Strangely enough, the economy seems to...
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Ten Things that Change without Fossil Fuels
It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil fuels, but it is because we cannot...
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2024: Too Many Things Going Wrong
It will be an interesting year. We know that the age of peak performance for humans varies, depending upon the activity. Peak performance for an athlete tends to come between ages 20 and 30, while...
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Should the US add more LNG export approvals?
In the US, companies that want to build liquefied natural gas (LNG) export terminals need to get advance approval for their plans from the US Department of Energy. There was a recent news item saying,...
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Advanced Economies Will Be Especially Hurt by Energy Limits
Historical data show that, to date, a reduction in energy availability has mostly affected the US, European countries, Japan, and other advanced economies. I expect this situation to continue as...
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The world’s economic myths are hitting limits
There are many myths about energy and the economy. In this post I explore the situation surrounding some of these myths. My analysis strongly suggests that the transition to a new Green Economy is not...
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