Summary: 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 … Continue reading Good news: here’s why we won’t run out of minerals (including oil)
Summary: The great struggle to manage or even control oil prices again dominates the world economy and the news headlines. Yet even the basics are poorly understood, cloaked in myths and misunderstandings. Here is a quick sketch of how the oil boom brought us here, how the bust will end, who will win, and what … Continue reading The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead.
Summary: The peak oil hysteria provides rich lessons for us today about learning from activists and the value of listening to our major professional institutions. Easy cynicism led people to believe outlandish forecasts, wasting valuable time and resources. Worse, we have had many such barrages by doomsters -- aided by their clickbait-seeking enablers in the … Continue reading Lessons from the hysteria about peak oil (2005-2013)