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Today, there is great wage and wealth disparity, just as there was in the late 1920s. Recent energy consumption growth has been low, just as it was in the 1920s. A significant difference today is...
https://ourfiniteworld.com/2024/08/21/todays-economy-is-like-that-of-the-late-1920s/
The world economy is an amazingly complex, physics-based, self-organizing system. The three major elements are extracted resources including energy resources, human population, and demand coming ...
https://ourfiniteworld.com/2024/07/22/how-does-the-economy-really-work/
Figure 1 shows that, for the Advanced Economies, GDP has been trending downward since the early 1960s; this is concerning. It makes it look as if within only a few years, the Advanced Economies m...
https://ourfiniteworld.com/2024/06/22/the-advanced-economies-are-headed-for-a-downfall/
Moving industrialization offshore can look like a good idea at first. But as fossil fuel energy supplies deplete, this strategy works less well. Countries doing the mining and manufacturing may b...
https://ourfiniteworld.com/2024/05/21/reaching-the-end-of-offshored-industrialization/
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 i...
https://ourfiniteworld.com/2024/04/18/the-worlds-economic-myths-are-hitting-limits/
Historical data show that a reduction in energy availability has mostly affected the US, European countries, Japan, and other advanced economies. I expect this situation to continue as energy lim...
https://ourfiniteworld.com/2024/03/17/advanced-economies-will-be-especially-hurt-by-energy-limits/
The US already has a huge amount of LNG export capacity approved but not yet under construction. The likely roadblock is the need for debt financing. One obstacle is the need to find investors wi...
https://ourfiniteworld.com/2024/02/14/should-the-us-add-more-lng-export-approvals/
In 2024, the world economy is acting more and more like an 80-year-old man than like a young vigorous economy. Perhaps the economy can continue for quite a few more years, but it increasingly loo...
https://ourfiniteworld.com/2024/01/15/2024-too-many-things-going-wrong/
If losing fossil fuels completely, or nearly completely, is a risk for some of the world's population, it might be useful to think through some of the things that go wrong. The following are some...
https://ourfiniteworld.com/2023/12/15/ten-things-that-change-without-fossil-fuels/
Strangely enough, the economy seems to move from tailwind to tailwind, as new resources are discovered, as population expands, and as central banks figure out new ways to fix the economy. In this...
https://ourfiniteworld.com/2023/11/22/running-short-of-tailwinds-for-the-economy/