Why “Supply and Demand” doesn’t Work for Oil
A gradual switch to higher-cost energy products, in a sense, works in the opposite direction to a switch from beef to chicken.
A gradual switch to higher-cost energy products, in a sense, works in the opposite direction to a switch from beef to chicken.
Crude oil had created modern Syria, crude oil has destroyed it.
Most people have heard the Indian tale about the blind men and the elephant.
The link between the global oil supply and biodiversity is not directly causal; rather, the two are elements of a broader and more integrated picture.
America just now, after all, has more than a little in common with an October day in Ocean City.
It now appears that the grand yearly addition to total human wealth, the global GNP, is no longer growing.
The Peak Oil story we have been told is wrong. The collapse in oil production comes from oil prices that are too low, not too high.
Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level?
While the attention of the world is on the refugee crisis we need to look at the causes of this mass exodus.
Over the past ten years, it has taken us trillions of dollars, basically, to keep us on an undulating plateau in actual crude oil production. What happens going forward?
Since money is a proxy for energy, energy’s limits are putting a damper on credit creation. Could this be the cause for plunging stock markets and oil prices?
The convention says that the supply constraints of peak oil lead to an increase in oil prices. But when you factor in fractional-reserve banking, does this not instead imply a decrease in prices?