Summary: Â Among the fear barrages of the past 50 years, “running out of resources” has been the most persistent. Here is why we won’t run out of minerals. As for other kinds of resources, that is a more complex story for another day. I first ran this excerpt in January 2011. The history of America …
Good news: here’s why we won’t run out of minerals (including oil) Read More »
Summary: When will the next recession arrive? Economists, like most professionals, sell certainty. They assure us that data has meaning and can be understood. Sadly that’s reliably true only during trends, so economists usually miss inflection points. And a new era began ~2000, bringing new dynamics and normals, making the search for inflection points especially …
Summary: Again, as so many times since 2000, oil prices dominate the news and shake the financial system. As usual, the news mixes fact and conjecture, wisdom and nonsense. Here’s an introduction to the basic facts, and a strong forecast about the future of oil prices. . Contents The big picture. How big are these …
What’s causing the crash in oil prices? What happens next? Read More »
Summary: One of the saddest aspects of the Internet is that it so often fails to make us smarter. In a mutant version of Gresham’s Law, loud amateurs too-often drown out the voices of experts. Here we an excerpt from a 1975 book that tells us more about Peak Oil than a typical dozen posts …
Recovering lost knowledge about exhaustion of the Earth’s resources (such as Peak Oil) Read More »
