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Russia's attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be cente...
We read a lot in the news about the new Wuhan coronavirus and the illness it causes (COVID-19), but some important points often get left out. COVID-19 is incredibly contagious. COVID-19 transmit...
https://ourfiniteworld.com/2020/02/18/easily-overlooked-issues-regarding-covid-19/
Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy...
https://ourfiniteworld.com/2019/09/12/our-energy-and-debt-predicament-in-2019/
Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode ...
The Peak Oil story got some things right. Back in 1998, Colin Campbell and Jean Laherrère wrote an article published in Scientific American called, “The End of Cheap Oil.” In it they said:...
https://ourfiniteworld.com/2016/08/08/an-updated-version-of-the-peak-oil-story/
A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of thin...
https://ourfiniteworld.com/2016/01/19/why-oil-under-30-per-barrel-is-a-major-problem/
Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the dist...
https://ourfiniteworld.com/2015/09/29/low-oil-prices-why-worry/
Both the stock market and oil prices have been plunging. Is this “just another cycle,” or is it something much worse? I think it is something much worse. Back in January, I wrote a post calle...
https://ourfiniteworld.com/2015/08/26/deflationary-collapse-ahead/
We all know generally how today’s economy works: Our economy is a networked system. I have illustrated it as being similar to a child’s building toy. Ever-larger structures can be built by ad...
https://ourfiniteworld.com/2015/08/10/how-economic-growth-fails/
Why are commodity prices, including oil prices, lagging? Ultimately, the question comes back to, “Why isn’t the world economy making very many of the end products that use these commodities?�...